WMC 0.00% 20.5¢ wiluna mining corporation limited.

Ann: Matilda Gold Production Update, page-58

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  1. 2,444 Posts.
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    It's to be expected that those who missed out prior to the run up to $1 will be at holders and management here since gold has been smashed and so has the company by around 50%. I'm still up around 500% so I'm not rushing for the closest rooftop to jump off but no one can say they're not disappointed in the current situation. That being said management have done nothing wrong in my opinion and aren't to blame. They raised cash at a perfect time and are bringing a large project back to life. What happens going forward largely depends on the gold price, if $1200usd is the new floor then at current exchange rates we're not that much worse off than $1350 at 78c. Once commercial production is confirmed then the stock will be re-rated. Until then it will swing with the fortunes of the market. At current levels though it is ripe for the
    pickings of a larger player, hence the build up by strategic investors.
    Last edited by johnnydust: 23/11/16
 
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