WDR - Western Desert Resources

[bowser]

Have any other ASF readers seen the prospectus for WDR? Management are seeking $7.5m from 37 500 000 shares @ .20c.

http://www.westerndesertresources.com.au/WesternDesertProspectus.pdf

Potential uranium and gold explorer. ANy thoughts?

 

[motion]

Browser, I just found this on the commsec site and going to look through it over night.... Seems management have some good experiene...have you taken any out ? what did you think of the company ?

thanks

 

[moneymajix]

23c

Not much comment on this one for a while.

I think someone picked it for the August stock tipping comp.

Would be interesting to get some feedback?

Any thoughts.

Looks like ANZ is a shareholder.

 

[moneymajix]

Ann. today
Project Update

http://aspect.comsec.com.au/asxdata/20070803/pdf/00745664.pdf


Burt Plain

Potential large "massive sulphide" body
• Drilling scheduled for October 2007

 

[moneymajix]

20 Jul 2007 15:35 Top 20 shareholders

Impressive shareholders ....

ANZ nominees, Taylor Collinson, Ellerston Capital

 

[Trader Paul]

Hi folks,

WDR ... will be alert for positive news/moves, around
Wednesday/Thursday, this week ...

happy days

paul



=====

 

[timelord]

Greetings all

Have TNG shares, so now have WDR shares. Not much, only just make a profit if sell them - take off brokerage fee. Unsure what to do with them? Buy some more to make a reasonable investment of say 10000 shares. The newsletter sounds positive but does any one have any feelings on this company?

 

[insidetrader]

See the announcement today re the option for current shareholders to purchase at 25c?

Good for holders like me who got a rather small parcel of WDR from TNG...

Went up to 38c...looks like there is value in the 25c offer...haha...

 

[bradkrussell]

Who is participating in the SPP?

Although this will dilute the market somewhat, do most people think it is generally a good investment?

 

[roosters]

I was in the same positions when the offered the discount share prices at $0.25 and with it spiking to $0.38 I though I can't go wrong..... since then it's pretty much hit the wall and currently at $0.15

Plus they have just signed a joint venture with another company....

What's going to happen... will the sp every recover?

 

[jancha]

Not much talk on WDR for some time now. I notice the NT news yesterday they put in for 13 explorations sites.

 

[jancha]

Some large volumes of trade today. Could be due to the announcement earlier this morning but all the same good to see some action with the company.

 

[jancha]

Anyone know why the lengthy trading halt with WDR? I hope it's like a protest in a horse race with 2nd protesting against 1st.... the longer the delay the more chance of getting the winning result.

 

[jancha]

OK looks like I have this thread all on my own. No one on ASF at least seems to have any interest in the company. Buyers starting to line up with only 5 sellers. Anyone for speculation?

 

[Sean K]

Maybe if you posted up some information about the company we would check it out.

The easiest thing to do is cut and past in an announcement that looks good.

Then you get some interest.

Maybe.

FIRST 2009 DRILL RESULTS CONFIRM EXTENSIVE HEMATITIC IRONSTONE MINERALISATION

• Highest iron values up to 59% Fe at Area “D”
• >40% assays from Area D have an overall grade of 45%Fe
• Phosphorous & aluminium levels consistently very low
• Hematitic ironstone mineralisation continues under shallow cover
• Area “D” resource estimate commissioned
• Logging of samples from Area “F” suggest higher tenor ironstone

So, why should I take an interest?

Share some information and analysis.

Their best intersection was 3m @ 53% which is crap really.

 

[jancha]

Maybe if you posted up some information about the company we would check it out.

The easiest thing to do is cut and past in an announcement that looks good.

Then you get some interest.

Maybe.




So, why should I take an interest?

Share some information and analysis.

Their best intersection was 3m @ 53% which is crap really.

Thanks Kennas at least you responded. Nah I don't know much about the company other than word of mouth about getting on. Yes I know you should never listen to rumours but there you go. I had Quite a number of shares awhile back when they first floated & sold out of them but have bought back into them purely on speculation & on the interest in volumes ( Tho not great )have increased some what lately. Aren't all companies like WDR a high risk.

 

[Sean K]

Thanks Kennas at least you responded. Nah I don't know much about the company other than word of mouth about getting on. Yes I know you should never listen to rumours but there you go. I had Quite a number of shares awhile back when they first floated & sold out of them but have bought back into them purely on speculation & on the interest in volumes ( Tho not great )have increased some what lately. Aren't all companies like WDR a high risk.

Well, you really should check the announcements in detail.

Since the ann above they went into the trading halt because they have some new assays from 'Area F'. Upon completion of the assay results they will make a further announcement.

This is really weird imo. What's the requirement in further examination of some IO results?

Either very good, or very bad, or a ramp.

I've seen companies go into halts on really benign results lately, take PRW for example. So, I'm a skeptic.

Good luck.

 

[jancha]

Well, you really should check the announcements in detail.

Since the ann above they went into the trading halt because they have some new assays from 'Area F'. Upon completion of the assay results they will make a further announcement.

This is really weird imo. What's the requirement in further examination of some IO results?

Either very good, or very bad, or a ramp.

I've seen companies go into halts on really benign results lately, take PRW for example. So, I'm a skeptic.

Good luck.

Don't know what the requirements are for further IO results are Kennas I just hope ( as you said) it's not just another ramp. Worse case senario if it is it shouldn't fall too far. Here's hoping.

 

[Sean K]

Don't know what the requirements are for further IO results are Kennas I just hope ( as you said) it's not just another ramp. Worse case senario if it is it shouldn't fall too far. Here's hoping.

Well, Area F is about a 10km long stretch of something that they have identified on a crappy map they have attached to their last ann.

Previous results from Area D.

They could have provided a better perspective of this. I mean, they must have some decent aeromagnetic surveys of this tennanement otherwise they shouldn't own it. Or, at least some indication of where they took rock chip samples and the like.

Maybe they just don't know how to cut and paste charts into word documents.

 

[jancha]

Thanks Kennas. I did notice in Wednesday NT News Paper that WDR put in for quite a number exploration tennaments. ( about 13) Weather It's the surrounding area to the ones above. More volume showing pre ann. Hope it's positive.