WWI 6.67% 1.4¢ west wits mining limited

Ann: WBP's Global MRE Expands 724,000oz to 4.28Moz at 4.58g/t Au, page-110

  1. 1,202 Posts.
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    That's a ridiculous straw man re 88E. I think you already know what I mean but if I have to spell it out for you - the stock is down nearly 80% from its high and down 60% from it's pre-MR trading range of approximately 8c despite all of the things I said above.

    I'm not using the share price to form my opinion and I'm not saying the market is always correct. Don't put words into people's comments - it's bad rhetoric. I'm using the share price to demonstrate that despite what the cheerleader band wagon here keeps saying the market as a whole thinks it's a stinker.

    This is nothing like 88E. That was a flash in the pan pump. This is a long and sustained downward trend. Price finding writ large. If you can't pick the difference then I don't know what to tell you.

    You can argue all day whether it's worth 2c or 3c or 4c, but it's clearly and unarguably been a failure when compared to it's pre-MR potential.

    Management have so far entirely failed to deliver and the market has finally seen through it. The problem with resolving appeals and getting a mining right is that you actually have to start to deliver and not just keep coasting along like they've apparently been happy to do.

    You come up with some good analysis sometimes which is why I've responded in so much detail - but this comment was a bit of a shocker.
    Last edited by Catch2200: 03/12/21
 
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