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0.2¢ woomera mining limited

Ann: Thick Pegmatites Intersected at Ravensthorpe, page-44

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20/12/23

12:00

Post #: 71546193
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Originally posted by OzBandit: ↑

I respectfully disagree that this announcement is insignificant. The discovery of substantial pegmatite thicknesses in a lithium-rich area with historical pegmatite findings is a notable development. It's important to recognize that the assay results, expected in February 2024, could significantly impact our share price. If we confirm spodumene-grade lithium, our share price could rise to 15-20 cents; however, if the results are not favorable, it might drop back to 2 cents. With the confirmation of these considerable thicknesses, I believe the likelihood of a major find has shifted from a 50/50 chance to a more optimistic 60/40. Patience is key as we await the lab results. Glad to scoop up some weak hands along the way.

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Thank you for the balanced and considered post - agree with your commentary.

All I would add is that I daresay the intersection of pegmatites would be considered material information and hence WML was obliged to disclose it to the market now with lab analysis to follow:

Wishing all shareholders a happy and safe festive period.

WML Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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