Robag09 said:
MasonRamsay said:
Looking at a weekly chart I am not sure what strong support at $0.50 that you're talking about....
$080ish is the last bit of VERY SMALL support with nothing below until once again VERY SMALL support at $0.25.
At this point WWR is simply getting shorted to oblivion by MM and there has not been any sort of catalyst or news to bring new buyers in. I did some DD and it turns out the initial massive spike from $1.30 to $12 was a zack morris pump. Then the following $5 to $10.50 during the winter freeze (where my dumbass didn't go net free because the greed was too much) was also a zack morris pump. Have a feeling professional short sellers are continuing to hammer this simply bc it was one of the atlas pumps. If you check the other atlas pumps like CEI or WISH it is clear as day that shorts are ripping those to shreds. Just my 2 cents.
In other news I have a call scheduled with Steve Cates, CFO of WWR, on Monday at 1:30pm. I have a few questions regarding funding that they have been vague about as well as delays. I am a stupid, idiot who diamond handed this after being apart of MGNI and seeing the possibilities. If there are any questions y'all would like me to ask Steve I am all ears.
Let us know how your call went, I am sure many on here are eager to hear your report!
I apologize to all those who do not want to hear about the garbage stock anymore but I will follow up on what I learned from Steve.
Thundergon replied to one of my posts asking if I get the same story and the answer is yes. They've applied for the grant funding and are exploring every way possible to get this sucker funded into phase 2.
Sadly, I did not learn anything worthwhile that changes what I think about the company. It is time for us all to realize the stock we are holding- and that is a pre-revenue growth stock during a very long winter for speculative small caps of any size. Technically, the bubble popped in Feb 2021 for anything speculative in nature and the $WWR group has had to deal with that. Along with being apart of the speculative nature they have had intense delays due to supply chains etc.. which I cannot fault them for. This has been the most bleak macro conditions that I can remember, especially for anything remotely speculative.
Steve struck me as an honest, hard working man who is doing what he can for the shareholders. We are in no mans land in technicals, and no mans land in knowing what the future macro conditions could look like.
OA has said that he thinks production needs to come online in 2023 otherwise it will fail. I tend to agree. I was personally more worried about a RS bagging everyone but Steve confirmed that is not being looked at whatsoever.
This is either gonna 20x or fall flat on its face. Is what it is. Not sure what else to say at this point besides "know what you hold and why you hold it". Or if you wanna take a tax loss I highly doubt any sort of catalyst happens in the next 30 days. Good luck everyone