WMC 0.00% 20.5¢ wiluna mining corporation limited.

Update at AGM, page-3

  1. 1,710 Posts.
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    Thanks @chris6. As far as I can tell, the SP direction indicated on the chart (arrows showing SP increase) will probably need 'awesome news' announcements instead of just good news: the market doesn't seem much interested in good news announcements from BLK.

    All IMO, 'awesome news' would be any of the following; 1) BLK discover a Wiluna Mother Lode; 2) High-grade feed to the mill is at an all-time high & the mill can't keep up with the healthy accumulation of high-grade stockpiles; 3) Production guidance update: 110,000 oz gold for FY19 & AISC reduced to $1050-1250/oz; 3) Gold production expected to top 25,000oz for the Dec'18 quarter; 4) Funding secured for stage 2A expansion operations to process gold sulphides in 2019.

    In the absence of any 'awesome news' announcements from management, the SP might continue to proceed in the directions other than up. Hopefully the near future SP trajectory will start heading in the direction of the tropics (up-wish arrows on the technical chart) instead of persistently hanging around the cold southern SP latitudes of 4 cents (or less).
 
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