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Online Share Trading

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Where is this share going

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Deboniar
New Contributor
Since May, this share does not seem to be going anywhere, and the oppoturnity costs of holding it where there are such bargains is high. Any comments?
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2 REPLIES 2
Major
Regular Contributor
As an exploration company, this tends to be moved by news. I think next results are early 2008? Probably move sideways until then.
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_nova
Super Contributor
This is a long term hold and at under 1200 it's very much a bargain. 1200 being the 38% fibo of the high in April. Go look where Investec values WEZ. Also, there's an exploration report due Q1 of 2008 which could light a rocket under this one if it meets expectations. A previous post was quite right in mentioning the exceptionally high ore grades that WEZ holds. It doesn't follow the rest of the market much simply because your view has to be at least 4 to 5 years from now and that's where you have to balance opportunity cost now against relative value of the share over time. To put it simply: If WEZ was in production right now, would the share be trading at 960 or maybe 3000?
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