The nickel price is not doing them any favours. They have several years of drilling out a resource and trying to find high grade zones in front of them. If they keep the funds coming to do this they might benefit from the next nickel price boom. I think it will be a long term hold for shareholders and even high grade zones may not generate market interest this year.
If funds get tight they may reduce costs to just the high grade zone exploration. They may try to make existing funds last until next year.
It seems unlikely that their will be corporate activity this year given the mine closures and scaling back at BHP nickel business.
Perhaps they will pursue gold projects.
DYOR Not investment advice.
- Forums
- ASX - By Stock
- WMG
- Ann: 2024 Exploration Programs Commence at Mulga Tank
Ann: 2024 Exploration Programs Commence at Mulga Tank, page-14
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 73187 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 28959 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 73187 | 0.240 |
1 | 23500 | 0.235 |
1 | 4326 | 0.230 |
4 | 110189 | 0.220 |
1 | 93023 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 28959 | 3 |
0.260 | 25000 | 1 |
0.280 | 50000 | 1 |
0.285 | 50000 | 1 |
0.300 | 10367 | 1 |
Last trade - 11.00am 04/10/2024 (20 minute delay) ? |
Featured News
WMG (ASX) Chart |
Day chart unavailable