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2.94%

33.0¢ western mines group ltd

Ann: MTD029 (EIS3) Diamond Drilling Update, page-79

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jimmymoggill

577 Posts.

129

27/04/24

13:18

Post #: 73536781
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Originally posted by jrw7: ↑

Hi there mate,

I’m a young bloke currently researching WMG.

I was invested in GRE but it’s going absolutely nowhere and I’ve been watching WMG for a week or so now.

My biggest investment concern is that there seems to be negative sentiment around nickel and I am also unfamiliar with nickel deposits and how they work. There’s lots of noise about China beating down the nickel price due to their supply from Indonesia as well as BHP cutting back nickel production/writing off its nickel assets.

But there is a lot of talk here about Mulga Tank being a world-class, globally significant resource and the company even has in their philosophy to be a company that genuinely strives to create shareholder wealth.

Just wondering, with nickel sentiment being poor, what do you guys think make WMG so compelling and different? Is it the size of the deposit? Management? Etc.?

Cheers,

JRW

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nice work undergroundtrader

JRW7 here is an old article which was pretty informative from mining.com
https://mining.com.au/western-mines-group-chasing-a-huge-prize-in-the-underexplored-minigwal-greenstone-belt/

WMG Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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(20min delay)
Last 33.0¢		Change -0.010(2.94%)		Mkt cap ! $25.08M

Open	High	Low	Value	Volume
35.5¢	35.5¢	33.0¢	$37.82K	110.8K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	32.0¢

Sellers (Offers)

Price($)	Vol.	No.
34.0¢	17857	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.320
1	15900	0.315
1	29450	0.305
3	42114	0.300
1	5000	0.290

Price($)	Vol.	No.
0.340	17857	1
0.350	25000	1
0.400	81125	2
0.405	19281	1
0.410	16963	2

Last trade - 15.59pm 27/06/2024 (20 minute delay)

WMG (ASX) Chart