Triple_Bagger said:

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TheVarian said:

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Sold some Apple stock and have some money to play with.

Have been eyeballing DNN and Gold for some time. I'm a newbie and should know more than I do right now but are those two good long term holds?

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Uranium is a gamble so I wouldn't recommend DNN as a longterm hold.
Gold could be a good one, especially if the fed pivots next year, but is also a gamble.

IMO, good longterm buys today are PARA, VZ, GOOGL, BRKB, MO.

Oh and have you heard of WWR. At $1.02 per share, it's a pretty cheap entry into our cult.

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Uranium is a gamble. Buy WWR.

TheVarian said:

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Great thougtt he a,

I did purchase WWR late and at an uptick at an average of $2. So I'm a bit down at the moment and am thinking of just purchasing more to keep costs down and in hopes of it exploding one day

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I'd wait until it's $0.25.

Gross action again

Triple_Bagger said:

---

TheVarian said:

---

Sold some Apple stock and have some money to play with.

Have been eyeballing DNN and Gold for some time. I'm a newbie and should know more than I do right now but are those two good long term holds?

---

Uranium is a gamble so I wouldn't recommend DNN as a longterm hold.
Gold could be a good one, especially if the fed pivots next year, but is also a gamble.

IMO, good longterm buys today are PARA, VZ, GOOGL, BRKB, MO.

Oh and have you heard of WWR. At $1.02 per share, it's a pretty cheap entry into our cult.

---

There was something in this report yesterday that people did not like:
https://wes****erresources.net/news-releases/2022/12/06/wes****er-resources-announces-completion-of-technical-report-summary-for-its-coosa-graphite-deposit-in-alabama/

Also, here is their 10-Q for Q3:
https://wes****erresources.net/wp-content/uploads/2022/11/WES****ER_RESOURCES_INC_20221109_10-Q_EDGAR_Bannerless.pdf

Some excepts from the MD&A:
Kellyton Graphite Plant Construction Update During the third quarter of 2022, the Company continued construction activities related to Phase I of its Kellyton Graphite Plant, including the completion of earthwork and site grading. Construction activity during the third quarter also included receipt of more long-lead equipment components, and further work on underground utilities, foundations, and the manufacturing of plant buildings. As previously announced, in April 2022, the Company completed the buildout of its Kellyton administrative offices, hosted a groundbreaking ceremony at the site of the Kellyton Graphite Plant, and selected a general contractor for the construction of the Kellyton Graphite Plant.

The Company has estimated the cost to construct and commission Phase I of the Kellyton Graphite Plant to be approximately $202 million, of which approximately $50.5 million has been incurred to date. Subject to global supply chain disruptions and challenges, and the Company's ability to raise the remaining capital necessary to complete Phase I of the Kellyton Graphite Plant, the Company is targeting that it will begin testing and commissioning Phase I of the Kellyton Graphite Plant in mid-year 2023 and expects the testing and commissioning to continue in the second half of 2023.

Coosa Graphite Deposit Exploration Program The Company began an exploration project in April 2021 to investigate the size and extent of both graphite and vanadium mineral concentrations at the Coosa Graphite Deposit. In April 2022, the Company completed the drilling activity related to this exploration program and expects to complete a resource model by the end of the year 2022. The exploration program was conducted on approximately 4,000 acres out of a total of the approximately 41,965 acres for which Wes****er holds mineral rights. In addition, as part of the resource model, vanadium mineralization is expected to be evaluated using extractive metallurgy techniques to ascertain the economic potential, if any, of the vanadium at the Coosa Graphite Deposit. Subject to its own definitive feasibility study, the availability and costs of financing, and regulatory approval, the Company anticipates that the mining operations related to the Coosa Graphite Deposit will commence by the end of 2028.

[So revenue is still at least a year away. Kellyton is still not operational in 2023 and Coosa until the end of 2028.

Besides the assumption that there will be demand for a high-premium, domestic graphite source, the real "bet" on WWR is that they'll be able to build Kellyton before they run out of reasonable financing. If it's now going to cost $202M with $50M already incurred, and they have $100M on hand, then they still need ~$50M (+ 2023 OPEX) more in financing.

This is new. I don't remember the details but I went through this same thought process in April as rates were going up and concluded that WWR still had it all covered without added debt, so the deflated share price and construction inflation must be hitting them hard. There is discussion in the document about alternate capital sourcing, but the primary path is to sell the remainder of their stock issue (~35M shares if I understood it correctly), so they'd need to get about $2/ share to completely cover it.]

STAFF! Can we get this fixed? Even if you blank out the bad word in the display, why can't you leave it alone in the link?

https://wes****erresources.net/news-releases/2022/12/06/wes****er-resources-announces-completion-of-technical-report-summary-for-its-coosa-graphite-deposit-in-alabama/

https://wes****erresources.net/wp-content/uploads/2022/11/WES****ER_RESOURCES_INC_20221109_10-Q_EDGAR_Bannerless.pdf