WMG

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20.0¢ western mines group ltd

Ann: MTRC009 Assays Confirm 367m of Nickel Mineralisation, page-60

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hamilan911

208 Posts.

32

07/12/23

16:04

Post #: 71330584
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Originally posted by hamilan911: ↑

I don't like to speculate on things. For instance, the current RC program aims to prove the type 2 Mt Keith style deposit, so it would be unreasonable to expect high grade intercepts.

However,
1. the drilling contractor chose shares of 250k worth at the time after completion of the 9th hole.
2. the results received so far are on the western side of the complex, with holes 3 to 8 not received yet.
3. on a whole, MTD027 is the best assays to date, on the eastern side of the complex.
4. 4 holes were added shortly after the commencement of RC program, 3 of which are on the furthest east.
5. The only complaint I have with CM is that we are not getting sensitive non-quarterlies announcement on Friday, which could be intentional but still I don't like this.
6. Check out the trajectory of stock price in the 2 weeks period before 5 Apr and see some similarity. But then history wouldn't repeat itself for no reason.
7. Since IPO on July 2021, we haven't had any trading halt for exploration results.
8. Geofiji mentioned a short while ago that high grade intervals would be great for a number of reasons. While I agree I didn't expect this in the short term but now that the interest has truly gone, I want to get greedy, hence the speculation.

For once, let me speculate - a TH tomorrow would be awesome, and hopefully items 1-4 above are the 'reasons' to back it up.

From a top 20 who almost added 160k shares today but decided against it. I would be happy to be wrong as I am not going anywhere anyway.

Good luck to all longs.

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My only complaint with WMG, really, is point 5.

WMG Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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Last 20.0¢		Change -0.005(2.44%)		Mkt cap ! $17.03M

Open	High	Low	Value	Volume
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Ann: MTRC009 Assays Confirm 367m of Nickel Mineralisation, page-60

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Ann: MTRC009 Assays Confirm 367m of Nickel Mineralisation, page-60

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