WWI 13.3% 1.7¢ west wits mining limited

https://www..com/article/2021/11/17/west-wits-about-to-begin-gold-production.html, page-31

  1. 4,209 Posts.
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    Wow the ramping has been turned up a few notches again.

    Despite the paid article here... just a reminder... there's a bunch of new shares at ~3c to wash through, a bunch of pissed off sophs likely to dump anywhere approaching their 6c buy in, an appeal to the MR (as much as it _may_ be a non event, it's there), zero updates on the ground progress - yet we are to believe first gold pour in just a cpl months from now? (oh how some here argued hard with me that it would happen by year end...)

    but the icing on the cake - despite 2 raisings just a cpl months apart - the debt part of finance is nowhere to be seen...
    I smell another CR early next year, likely before any gold is poured. Especially since they've chosen to continue costly exploration in the Pilbara (wtf??)

    But hey, at least the ramping has moved on from Chinese hostile takeovers to uranium, paid articles and the apparent magic of dual listing.

    WWI should be providing updates on SA operations and nothing else to kick this back up a few pips... but they aren't... that may be telling in itself.


 
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