WEST WITS MINING LIMITED (ASX:WWI) - Ann: WWI Completes $1.2M Placement, 70977430, page-129 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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1.5¢ west wits mining limited

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18/11/23

14:02

Post #: 70977430
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Originally posted by Oldgoldminer1: ↑

I have answered them a thousand times over but here we go again for your sake:

1. So you don't think the IDC loan will be approved?
Of course, it's a possibility. The BIGGER question is on what terms? Have you seen the rates at which IDC lent out money? And the terms they have received from Orion in the last 6 months, another Australian mining company operating in Africa.

IDC pay investors a rate of over 10% on their money and they loan money out at between 15-19%
You have no idea what slice of equity will go with those terms, but none of it is great for shareholders. Just look at what was offered to Wingfield for $10m

They may end up with $25m from IDC & Wingfield at a rate of 15%+ as well as $15M of 5-year options, which leads you to the next question.

2. If the IDC loan is approved, do you think this will lead to a share price rate?
Maybe a very small one, but the current dilution, the proposed future dilution and the obligations from debt mean that it will struggle to get over 3.5c even at today's record gold prices.

I wish it was different, but this is a company that is set up and will only ever benefit the board & Wingfield. Retail Shareholders have been taken on a joyride that will not end well for any of them.

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WWI Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.5¢		Change 0.001(7.14%)		Mkt cap ! $38.12M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.5¢	$8.948K	597.8K

Buyers (Bids)

No.	Vol.	Price($)
3	512548	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	2265181	4

View Market Depth

No.	Vol.	Price($)
3	512548	0.014
10	6634253	0.013
5	2365077	0.012
12	1966032	0.011
9	1908999	0.010

Price($)	Vol.	No.
0.015	2265181	4
0.016	2407165	5
0.017	2886499	8
0.018	892545	3
0.019	833001	3

Last trade - 14.08pm 19/08/2024 (20 minute delay)

WWI (ASX) Chart