WWI 6.67% 1.6¢ west wits mining limited

Ann: West Wits Obtains Interest From IDC For Debt Facility, page-227

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  1. 358 Posts.
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    Stock is slowly cementing a base at 1.8-1.9 cents, the 2 cent resistance provided too much to break on the last announcement, a lot of old shareholders happy to get out after a long wait. Next announcement should be enough to break the 2 cent mark having rinsed out all the profit taking at that level, then we see how well it holds. If it holds up then we will be in an uptrend to 3.2 cents with many announcements expected along the way with progress updates.

    Either way we are in good hands once finance due diligence is complete and work gets started. When the true fundamentals get going then thats when things start looking good. Still some bitterness around past management delays for the mine, which current management has acknowledge things took much longer than they wanted, but now that they've completed the hard yards it seems like a shame to just sell out for pennies when you could be getting multiple times that, especially when there's a government entity supporting them.
 
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