WWI 6.67% 1.4¢ west wits mining limited

Ann: West Wits Obtains Interest From IDC For Debt Facility, page-298

  1. 7,323 Posts.
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    "I am just providing the much-needed balance."
    There it is folks; the messiah complex.

    It's very easy to present a bear case for WWI. Here, let me do it for you:
    1. Delays in achieving key milestones
    2. Operation risks; failure of the EMI being a prime example
    3. High overheads and relatively low cash balance compared to burn-rate

    These negatives have, imo, resulted in WWI being significantly under-valued compared to peers like TMG and BEZ.

    If the 3 negatives can be addressed, then, imo, WWI will be rerated. At this SP/MC level it is a case of risk v. reward.

    Your idea of balance is to post exaggerations and fabrications. Some prime examples being:
    1. Huge number of oppies to be converted over next 12 months; capping the SP
    Reality: 12m oppies or 0.5% SOI; of which 6m have 0.10 strike

    2. IDC requires 51% black ownership
    Reality: Pure nonsense. I've provided links to IDC document and presented an ASX-listed recipient of IDC funding (MCM)

    If your goal is to provide balance then may I suggest:
    1. Not posting BS and then deflecting/pivoting when called out on it as you lose credibility
    2. Daily SP commentary and predictions which have been wrong. This is just noise and doesn't add any value
    3. Provide factually based counter-arguments with links etc as supportive material. Kinda as I do. For example, if PH posts about 12moz potential and you disagree with t, then say why you do. This will add value. Posting conspiracy theories about paid pumpers etc is low content and make you look like a tin foil hat nutter.

    All imo
 
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