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20.5¢ wiluna mining corporation limited.

"who owns most of the stock at the moment? mostly retail. the...

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Travvo88

632 Posts.

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22/08/18

19:23

Post #: 35105174
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Originally posted by Dabble010 ↑

who owns most of the stock at the moment? mostly retail.
the problem with retail, they can be very reactive to news.

yes the co has some difficulties to overcome to attract some bigger investors in the picture.
first quarter of FY19 will be crucial, I think mgt know that too. in fact h1 is very important. but the reality is debt is being paid off and current POG in aud makes this co profitable as long as they control costs.
the good thing is they have had a number of quarters now to learn off of mistakes and refine processes etc.

I think people need to give them a chance, this co can turn around just not at the speed that people want it to.
might be a wait but if your not trading then this seems like a good investment. if you look at the graphs for trading, well that paints a diff picture. but trading is diff to investing.

haha a little bit of banter doesn't hurt.
just an opinion.

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"who owns most of the stock at the moment? mostly retail.
the problem with retail, they can be very reactive to news. "

Exactly, gonna get punished next quarterly.

Maybe in the long term things will work out but I can see this getting worse before it gets better. Just my 2c....

BLK Price at posting: 4.1¢ Sentiment: None Disclosure: Not Held
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