WEL in Vancouver
posted on
Jan 14, 2010 05:38PM
The company is now known as FUSE Cobalt.
It's nice to see that WEL is going to the Vancouver show.... It is always very busy and filled with investors that actually invest in the resource plays.
This is why I think WEL should anounce they are about to drill the Jeep.... When investors come to your booth, you want to be able to tell them you have just started drilling.
SKP will be telling their shareholders we have tied up the bulk of the belt.... litterally tied it up... not focused on exploration, but have become a land barron.
The SKP Jv will soon sort itself out, coming to a head at the end of Feb. From what I've seen on the co operation front, I think they have had ample time to voice their intensions... In this case silence is not golden. I wouldn't want to see this property tied up for another year without substantual work being committed... IE $2 million spent this year with quartery reports, and an exploration plan. Time for SKP to get to work, or get lost!
I think WEL would actually increase in value with the return of the Poundmaker, thus making the wts in the money and likely exercised. This would fund a comprehensive program in itself with existing wt exercise.
I understand WEL will be meeting with SKP at the show.