WWI 6.25% 1.5¢ west wits mining limited

Rerate, page-80

  1. 796 Posts.
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    yeah, prev expectations were 20c range on a quick TO but that didn’t materialise. Post dilution, was expecting around a 15-16c value but with the location discount & one final dilution (be it from the $75m option or fresh equity) for construction, am expecting around 12c to be fair value (which gets it close to npv fully diluted).

    12 is a long way off though given current sp is < 2.
    though may eventually get there, who knows. we will however see plenty selling pressure around that 8-10c range (whenever it gets there).

    hence my 8c med term (18-24 months) outlook. Dyor of course. I’ve been adding at every opportunity to get close to 4c avg because just screams value atm. Lot relies on gold of course over the next yr or two.
 
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