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6.7¢ western mining network limited

Hey Fib, You reckon these last milestones are going to be passed...

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shibumi

206 Posts.

13/07/15

14:30

Post #: 15624289
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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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Hey Fib, You reckon these last milestones are going to be passed soon?

WMN Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
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