Hi Fib, Looks like the big buyers continue to absorb sellers....

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shibumi

206 Posts.

17/06/15

11:44

Post #: 15481377
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Originally posted by Fibonarchery ↑

I still hold a few of these

Just one question - once the market cap gets to 30 day vwap of $100 million, the incentive is removed for the big hitters involved in the deal to continue buying WMN shares

(at 30 day vwap of $100 million WMN issues another 10% share ownership to Milestone Group, which WMN has already acquired, so in a way it seems not to matter)

So are we expecting the WMN share price to retrace due to reduced buying demand if/when this milestone is reached?

I think $100 million market cap is around 65c, so the price would need to average above 65c per share for 30 days.

So it remains a "buy" at least until the final milestone is reached.

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Hi Fib, Looks like the big buyers continue to absorb sellers. Considering the caliber of these guys, I doubt they will stop once the milestones are met. My guess is they see some value here that is not yet obvious to us punters. The reason I give WMN a better chance than most of the small graphite plays is that they already have big money shareholders. IMO, these shareholders have big plans for the company. Ultra High Net Worth Investors, Superstar Investment Bankers, Mining Industry Leaders, and Politically Connected Advisors. We have all the makings of a Monster Company here. Right in front of our noses!

DYOR

WMN Price at posting: 52.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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