WSRC Update
Here is a copy of what I had written in my last post about WSRC.
"WSRC is what I would consider a riskier play, the company had a PR
on June 22 stating that they are in talks to acquire a gold mining operation
with enhanced recovery net income projected at 3.2B. With the company
having a market cap of 81.21M
This definitely caught my eye. I am skeptical at this point in time but
massive increase in volume over the last couple of days in interesting.
I have initiated a starter position at approximately $0.22.
If all goes well it could see $1-$2 near term based on possible
acquisition.
I am only putting in what I am willing to lose just to be extra cautious."
This is playing out quite nicely so far, it has already touched $0.49 over the last week.
Its looking more promising. the management team is fronting 10M of their own money to initiate funding the project therefore avoiding dilution of the company and providing a very intriguing level of confidence.
on the chart I've posted what I'm seeing from a technical view. overall, I remain very bullish for WSRC long term. With the proper PR I still believe this could see $1-$2 over the next couple of months if not sooner.
This is just my opinion. I am NOT a financial advisor, always DYODD
"WSRC is what I would consider a riskier play, the company had a PR
on June 22 stating that they are in talks to acquire a gold mining operation
with enhanced recovery net income projected at 3.2B. With the company
having a market cap of 81.21M
This definitely caught my eye. I am skeptical at this point in time but
massive increase in volume over the last couple of days in interesting.
I have initiated a starter position at approximately $0.22.
If all goes well it could see $1-$2 near term based on possible
acquisition.
I am only putting in what I am willing to lose just to be extra cautious."
This is playing out quite nicely so far, it has already touched $0.49 over the last week.
Its looking more promising. the management team is fronting 10M of their own money to initiate funding the project therefore avoiding dilution of the company and providing a very intriguing level of confidence.
on the chart I've posted what I'm seeing from a technical view. overall, I remain very bullish for WSRC long term. With the proper PR I still believe this could see $1-$2 over the next couple of months if not sooner.
This is just my opinion. I am NOT a financial advisor, always DYODD
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