WWI 6.67% 1.6¢ west wits mining limited

Ann: WWI Raises $2.5M in Preparation for Development of WBP, page-135

  1. 2,528 Posts.
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    Lol who doesn't have a strategy. This is a highly speculative stock so besides from attempting to ride on various company announcements there's not too much to do with this one. Especially when said announcements are always a disappointment and management are completely unreliable on most fronts.

    Let's be clear here this project has next to zero financing options currently at this SP level. That $70 million "equity portion" is good for $380k a pop hence they need to go to market to fill the coffers. They also have zero respect for shareholders and if you want any proof just compare the last two quarterlies. Jans has them jazzing up EMI all over the place and how amazing it is. Zero updates as timelines lapsed and shareholders are told on the phone that the EMI is now "immaterial" to update the market. MQs words not mine. So them missing a cashflow milestone is immaterial. The second concern is all the fckn carrots that keep dangling after each let down milestone announcement.

    - Original DFS went down like a lead balloon but not to worry we will release an updated one (yes which was better than the original).

    - Sp completely falls apart and not to worry we have uranium too and now P200 which could be a thing. If it is a thing no doubt it will be as convoluted and unorthodox like the current mine plan. A plan the market laughs at.

    The inconsistency with management and their strategy which the market despises is the most concerning hence I'm trying to make a bit more bob from these levels before sailing off. Again if the board and senior leadership were so confident in this project why haven't they been ploughing in their own coin over the past 12 months? If the opportunity is a no brainer?

    This has always been a meme stock for the above reasons. I also do not believe the company has purchased ANY HME equipment. I'm willing to wait around for debt finance and toll treatment if it ever comes or they go bust. I find it funny that companies that only have Greenfield projects got a spot at D&D. If this project was so amazing and had so much potential and had progressed so much, you'd think they'd get a spot. Again market isn't interested at all.
 
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1.6¢ 1.6¢ 1.6¢ $240 15K

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