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6.25%

1.5¢ west wits mining limited

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Adventurer20

3,816 Posts.

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22/10/23

21:28

Post #: 70474681
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Originally posted by Oldgoldminer1: ↑

Imagine it had to issue 4 billion options in total to get there plus has to give up more ownership of the SA project to secure that funding. You all lose yourself but can’t seem to reconcile the offer Wingfield put on the table as well as IDC’s recent transactions and what it means - and that’s only 50% of funding needs. All these dreamers that think they can just start without the full funding amount are incredibly naive or stupid.
So exactly where do you think they’ll be with the full funding? It’s taken a year longer than anyone thought it would take and by the time they give away all the equity and options it will be proven as a BOD retirement fund and SH will still be here dreaming of a better day ahead.

Like a mirage, it’s never coming. Like those in the know do the simple maths on the full funding if the terms of the full amount of funding is under the same terms as what Wingfield put forward. In 4 years it can’t breach 6c under the current gold price and AISC put forward in the updated DFS.

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WWI Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.5¢		Change -0.001(6.25%)		Mkt cap ! $38.12M

Open	High	Low	Value	Volume
1.6¢	1.6¢	1.5¢	$93.75K	6.252M

Buyers (Bids)

No.	Vol.	Price($)
5	3978428	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	1024706	3

View Market Depth

No.	Vol.	Price($)
5	3978428	0.014
7	1790000	0.013
5	1765556	0.012
9	2525922	0.011
12	3743999	0.010

Price($)	Vol.	No.
0.016	1024706	3
0.017	2936158	11
0.018	2133827	5
0.019	728001	5
0.020	3149500	6

Last trade - 15.17pm 18/07/2024 (20 minute delay)

WWI (ASX) Chart