WSRC price run-up
Yes, WSRC did reach $0.49 last June, although it didn't stay there very long. If memory fails, simply check the 1-year candlestick chart on stockscores.com. You can see that it did hit that peak one day in June, but its movement was very volatile that month, moving from single pennies to over $0.25 in one day, then the next day or two it sold off down to just above $0.10, then climbing up to $0.49 later that month, then quickly dropping to $0.10 and bouncing again.
Why so volatile? Thanks to the superior share structure (company policy not to dilute the common shares, almost all authorized shares already issued, the relatively small number of outstanding shares, and an even smaller number of shares in the public float) it doesn't take much money to make this stock move.
The main reason for the big rally last year was the announcement of the acquisition of the Sage Hen Mine property. That news brought a large number of new investors in to WSRC, many of them possibly brought in by messages sent back and forth in the social media, although I am just guessing because I do not participate in any social media. You can go back to that time period in the message board to see the company announcements and what was being said at that time.
There are very differing opinions on the value of Sage Hen mine property, as anybody viewing this message board will learn. My view is that the other assets of WSRC justify a much higher stock price, even if the mine property is totally written off.
