Friday, October 20, 2006 8:39:58 AM
1) The new gold deal is a good for both WSR and GUY shareholders. Just look at the GUY chart for the last 5 years. Besides WSR was running out of $$ and they needed fix it. I think they felt they had a better shot with the GUY asset (Peters Mine) which was getting no value in GUY's current shareprice.
2) ASR needs some fixing too (it always seems to doesn't it?). However, the management and in particular, it is said, their major shareholder will not walk away from problems. If I had to guess, some negotiations will occur between ASR and WSR regarding the penalties/etc. for the 50% working interest in current and shared projects. This would at a minimum give ASR the whole pie versus what they have today.
I hope whatever additional fixing ASR needs doesn't involve more dilution for us shareholders.
I'm not trying to be stubborn about this investment but, if management ain't selling their stock then neither am I. So far they haven't sold a share!!
DDDD - ©Wait and Win™
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