WMC wiluna mining corporation limited.

The way the SP is headed would not surprise me. Although a...

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    The way the SP is headed would not surprise me.

    Although a potential share price stabaliser will be when Delphi are allowed to accumulate another 3% on market. My calculations are early in April.

    If history repeats like clockwork then this mob will be buying early next month In April (before the 10th)? They have been very successfull in the past accumulating initially into a mountain of retail sellers without causing the price to increase drastically which is the only negative. They have even been able to buy shares off market well below market price of recent with the previous 6 month creeping provision which I highlighted here 6 months ago. I do not know how this happened and what insto was happy to sell at such a discount at the time, the transactions did not make any sense??

    Therefore it may be a case of forget about any SP appreciation over the coming weeks even with drilling results or reserve update untill Delphi have had their opportunity to accumulate more if they seek to utilise their creeping provision.

    it appears as though their agenda on the WMX register is not to support a re-rate of the SP Milan had been talking about many months ago but rather buy as much of the stock as they can for as little as they can based on my assessment of SP behaviour surrounding their buying.

    Makes me think however what is Delphi's end game here??


    Last edited by Hiddenvalue: 02/03/21
 
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