WWI 6.67% 1.4¢ west wits mining limited

Ann: Wits Basin Scoping Study, page-187

  1. 729 Posts.
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    It's ridiculous that all other stocks are up but WWI is down. What is the point of buying above 4c or even 5c but willing to sell below 4c? Rolling back to a month ago, the same share price, a much lower gold price at 1800, almost the same fundamentals (well, not really the same, early mining has started and we have a clearer plan for production). When the whole market is already in green, I cannot see any point of cash out from WWI and chase other stocks that will have more profit taking when the rebound is close to finish.

    Regarding gold price, note that the main trend tells gold is still in a very bullish pattern, and even if the war is about to finish (hopefully) there is no sign of stoping financial conflicts between Russia and ER/US, in particular when Russia is only accepting gold, Chinese currency and Ruble for any transaction.In addition, don't forget about China and Taiwan, which could be another bomb. Oil price may take a rest but could generate new highs in this month because the fundamental problems are not resolved at all. So inflation and gold price follow. I also hope we have resolved everything and the stock market is going to have a sharp turnaround, but nothing supports the hope at the moment or in the short-term.
 
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