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Westcity Share Discussion Threads
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|AND PROOF WHAT REALLY BROUGHT DOWN THE TWIN TOWERS:
|Priced to go bust, WTC main asset will go back to MLMP and RMO|
|Need a few more 50% rises before we get back to fair value for the Marshall Lake prospect, fingers crossed that last night's share price increase even on low volume signals progress in talks of Dundee buying out WTC.
No news since 22/5/13 is so frustrating for the other partners in the project with copper prices remaining stable its a good time to advance these sort of projects.|
|these stretch over 1,968m
this is how many meters drilled rather than the strike length I think you'll find|
|Up by 15% or 3c but on hardly any volume, surely too early for another leak|
|New zone found in first phase of drilling, excellent news|
|Something leaking, big jump last night, will be interesting to see if they can maintain interest tonight. If they can I expect some statement about what they have found at the Marshall Lake site|
|Fairly heavy volume last night, most of it buying but price did slip back to 18.5c after earlier hitting 20c, general trend is still positive. Will be interesting on which way tonights trading goes|
|Now highest price for ten months but still no volume to indicate a leak, for that reason I won't be adding to my MLM total but nice to see this price rise|
|Highest price for over six months, I just hope that something good leaks and this rebound goes on and on...............|
|A little buying pressure is lifting the price hopefully drilling has restarted with results in September|
|Finally drilling might be getting restarted at the Marshall Lake prospect and with Dundee taking such a large % of WTC then funding at long last will not be a problem.
All steam ahead|
|40% gain yesterday, 20% gain today, more than a normal share movement I hope|
|Maybe a slight recovery in sight, just hope they have raised enough to carry on drilling as there is still alot of copper for them to find|
|News released today that they have restarted drilling this week, it appears that Mr Middleton has been replaced|
|Received an e-mail from them to say drilling will restart next month, what the hell have they been doing for the past six weeks|
|there are a number of major problems with this company but top of my list is the fact that they raised $1.5m in January and then said this:
The RM Zone has now been traced for 600 m and the Phase 2 core drilling program (soon to be underway) has been designed to test the west sub parallel section (which has been traced for 200 250 m in strike length), and the northeast potential extension for an additional 300 m. The southern section joins the RM Zone trend at the "Lease Zone" showing, which suggests a possible fold structure. Markers (such as a fragmental volcanic unit observed along the southern flank of the RM Zone) will be used to define the structure.
The initial 2,300 m Phase 2 core drilling program is designed to define the potential strike extension which will then be followed up by detailed infill drilling to potentially identify a measured or indicated NI 43-101 resource. Drilling is expected to continue through most of April 2011.
in the event they drilled 2 (average) holes and then came back to the market 4 months later to raise more money..suspicious..although they have proved effective in stock promotion..|
|So far into June my forecast of a recovery hasn't happened but still time before I look like a complete twit, I'm sure that there will be some news in the next week or two about drilling|
|Reached the bottom will climb again come June/July drilling|
|Yes average but these copper showings are starting to add real value to the project, it all adds up to a mineable total, also the chance that that there could be more at depth. Not FAB but pretty steady, if the holes continue to show copper on the drill bit then the tonnage continues to climb. I for one if I was in Canada would buy at these levels and give them a long term view at least a year.|