I am a bit more bullish, I see Capital Drilling has taken a big chunk of new shares to build on what they have (todays Substantial Shareholder Announcement). They are a mining contractor at Centamin besides being a drilling contractor. The former Chairman of Centamin pre-IPO by my calcs was a very large shareholder (1st of June announcement) and WIA's CEO has a long history with Centamin....its like they are getting the band back together.
We have two large shareholder who are following their money with the capability of doing large projects in Africa and a growing resource in Nambia albeit grades are not spectacular but solid. At this share price looks pretty interesting?
WIA Price at posting:
3.7¢ Sentiment: None Disclosure: Held
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