Member Info for oztrader

Still here newmsx. I have not changed my view. There may even be a project already earmarked for the "new" company. We'll just have to wait and see. I still intend taking up my full entitlement.

Not this Christmas.

The old board has gone ! The assets have gone ! There is no information to give ! Your money has gone ! The new board has a good track record - we may see a new project - there will eventually be some information to give - you may even see your money return. It's not a good feeling losing money and I sympathise with you but you have to face the facts. Give the new BOD's a chance and some time to re-invent this company Santa

What do you mean "the BOD's don't have any shares" ??? The last time I looked, Ian Middlemas, indirectly through his company Arredo Pty Ltd, held 5,100,000 shares prior to consolidation, now 170,000.

If anyone seriously thinks there has been a transfer of wealth from themselves to the BOD, they need their head read. It's called a market for a reason ! How on earth has any director benefited from the fall in the share price ? Do some research and see what Ian Middlemas paid for his shares. He has lost, just like the rest of us. Going forward, I suppose after the share price moves higher, anyone who doesn't take up their allocation will probably whinge that the directors have picked up their shares for 5c. Let it go guys........WHE in its previous form has GONE ! We all make wrong decisions and we all know the risks involved. Let's hope the BOD's can do something with what's left of the company. I will be taking up my full intitlement and look forward to what's in the making........ NOT what was.

Hi SS, Check out the Apollo Group. Say no more !

I didn't attend, however all resolutions were passed and we should trade on a consolodated basis as of today 27/th Nov.

Anyone been following the price of uranium ? ............... Typical !

It's a hard thing to have to do. I hope you can offset your losses elsewhere. Good luck

Don't see why only ASX accounts would get the offer. They have to first bed down the 1:30 consolidation at the AGM on Nov 24 before any issue is formally announced. One step at a time.

Hi guys, yep, still in and currently a T20 shareholder. I increased my holding in WHE when Ian Middlemas became chairman. I understand the resentment and utter disgust in the previous BOD but times changed whilst they were in office and what was once an ambitious project (UCG) became an expensive alternative when compared to other forms of energy. The Uranium price collapsed after Fukushima and holding these assets is just too expensive in the current economic climate. All I can say is forget WHE in its previous form. My predictions came true wrt board restructure & consolidation. Name change was another on my list and I believe that will eventually happen to finally wipe the slate clean. Things aren't going to happen overnight but in the long run, I believe I will make money. Unfortunately for many, who are in at much higher prices, I cant say the same. Currently I'm down just over 50% on my holding but at these low prices, that could be recouped very quickly. I'll post again soon re my thoughts going forward and why I decided to increase my shareholding.

The share price is trading at a significant discount in Australia (3.25p) or 35%. Time to pick up some more !

Due by next Tuesday. May shed some light on existing assets (if we still own them that is) and their intentions regarding them. The Uranium price has had a big rebound of late, so let's hope they can extract some value there. Just have to sit it out and hopefully Ian can do a deal on a new project, or ramp up an existing.

Next week we should get an announcement re: general meeting, to vote on consolidation. I will be voting in favour and will await the transformation of the company.

Hi SS, did you get some more at the bottom ?

They'll probably push it lower on light volume, like here over the last 2 days, on 20,000 shares.

What's there to announce ? The next announcement should be notice of a general meeting to vote on the consolidation.

Is this the end ? ........... No, on the contrary, I think it's just the beginning.

Hi SS, Averaging down is generally not a smart thing to do, especially if your entry point is at some of the dizzy heights that were once seen in this company. Stop loss should have been implemented to protect your capital, instead of riding this all the way to where it is now. All good in hindsight ! I'm now averaging .7p on this holding but traded a few times for a profit, so lower overall but still down 50% on current holdings. Remember if you do decide to average down, take into consideration the funds that will be required to take up your entitlement, unless of course you are intending to sell them.

Cheque came today.