WML 25.0% 0.3¢ woomera mining limited

Ann: Trading Halt, page-59

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  1. 2,879 Posts.
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    Sure, this situation is challenging, but I'm too deeply invested to back out now. I'll see how the next twelve months unfold. GRE and may others that came good, also had their ups and downs until they stabilized, and the fact remains that we have some excellent groundwork and a solid team. The leak could have come from anywhere, though it's worse when it works against you than for you. I recall during WC8, the stock price kept climbing on no news for four months, so that was clearly a case of a leak that benefited the confident holders who didn't have much information either way. When the results from the first two holes came back with negligible mineralization, probably on Monday, they should have announced the results then instead of sitting on them; that was poor decision-making, and I wonder who was behind it. Perhaps Ralf will be held accountable. Clearly, WML now has some amends to make to appease those who are left. They will also be under significant scrutiny moving forward, despite having David Richards on the board. I try to avoid making emotional decisions, and we still have more news and results to come. I don't think it's productive to criticize those of us who are staying committed, and who knows how this story will unfold. It also serves as a good lesson to diversify your portfolio; I myself have six stocks on the ASX outside of Tesla and BYD, so the impact on me wasn't devastating. I do feel for those who only hold one stock, as this situation would be extremely challenging. However, if you're still holding in that case, remember, it's not over until the fat lady sings and WML continues on being a going concern with promise irrespective. I sincerely hope they take something away from this episode and learn to run a tight ship, showing investors the respect they deserve.
 
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Last
0.3¢
Change
0.001(25.0%)
Mkt cap ! $5.416M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $896 358.5K

Buyers (Bids)

No. Vol. Price($)
27 26879113 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 31024067 23
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Last trade - 15.33pm 01/11/2024 (20 minute delay) ?
WML (ASX) Chart
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