WWI 5.88% 1.6¢ west wits mining limited

THE 4 MILLION OUNCE BET, page-6242

  1. 889 Posts.
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    The most disappointing part is that the stress of holding this through these delays produced no reward. I did think the MR was to be a sell the news event, but I expected something more in the range of at least 11-12c since these things do often pump on hype. Though people say they are not bothered by the sp, remember it is the sp that makes or loses you money end of they day. Now if they raise capital soon the dilution would entail the price to go down even more in the near term, despite the CR being fit for purpose. In the longer term with the transition to production and numbers being brought in, it should be valued at its NPV and given a PE multiple after producing as said here earlier, but cmon, I think a lot of us were expecting more on this announcement.
    Last edited by Drk1997: 20/07/21
 
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