WWI

13.3%

1.7¢ west wits mining limited

Nice read there Drag. However, the DFS is due in 4 weeks if it...

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GoldPirate

10,724 Posts.

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28/07/21

08:47

Post #: 54825893
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Originally posted by Dragline1: ↑

I think we are seeing a lot of people jumping at shadows at the moment which is only natural when you have a long held expectations that a single event will drive a spike in value.

I think it is very important to understand that as a company WWI has far too many institutional investors holding stock to be influenced by HC posts either negatively or positively. There is also significant research that shows any pump and dump usually lasts only for a 4 day cycle, so we can stop assuming that any one single post here is going to have a long term affect on the SP.

I hope the personal baiting that takes place here can be replaced with some more constructive analysis, positive or negative.

WWI is a small player trying to get all the ducks to line up to make this play come off, they're a small team of dedicated staff who have almost pulled off the impossible given their size and available capital and resources. WWI always had a high risk profile given the location, the fact it's a gold mine, the fact it's a brownfield mine site, the proximity to residential and commercial and the SA approvals process.

Despite all those obstacles they have de-risked the project incredibly well to date. The DFS will be the next step in that risk mitigation and will open the door to a range of finance options. As a small developer trying to become a tier 2 miner these things just take to be done and done right with the proper due diligence.

I have been disappointed with the leaking of information out of late, but I am sure they are all aware now how sensitive all their retail investors are particularly at the moment to any information not being released in a timely and fair manner.

The fundamentals are all but locked down in terms of Phase 1 at Witwatersrand with the potential for phases 2,3 and 4 in the future. They've done a remarkable job to get us thus far, and we are so very close to understanding what operation and true profitability will look like in just a month or so.

I understand the frustration for some of you that have seen your investment go into the red, we all understand that feeling. Despite that sentiment this stock remains with a great upside built on sound technicals that are being achieved, if somewhat slower than we all wish, methodically and with great purpose.

This small blip on the radar will be a distant memory when the DFS and other data is released over the next 8-10 weeks.
Have a wonderful day to all, especially those stuck in lockdown. I also know that doesn't help your current sentiment.

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Nice read there Drag. However, the DFS is due in 4 weeks if it is to be announced in August, as planned. Yes, a few weeks late is to be expected but not from 8 weeks as you stipulate...

Last edited by GoldPirate: 28/07/21

WWI Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.7¢		Change 0.002(13.3%)		Mkt cap ! $43.20M

Open	High	Low	Value	Volume
1.5¢	1.7¢	1.5¢	$45.00K	2.823M

Buyers (Bids)

No.	Vol.	Price($)
1	250000	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	1561158	9

View Market Depth

No.	Vol.	Price($)
1	250000	0.016
5	1959838	0.015
4	4312857	0.014
6	1700000	0.013
2	1208333	0.012

Price($)	Vol.	No.
0.017	1256442	6
0.018	2133827	5
0.019	333001	3
0.020	3149500	6
0.021	60000	2

Last trade - 16.10pm 12/07/2024 (20 minute delay)

WWI (ASX) Chart

Nice read there Drag. However, the DFS is due in 4 weeks if it...

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Nice read there Drag. However, the DFS is due in 4 weeks if it...

Top Stories

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Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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ASX hits all time high out the gate on Friday trades following bullish US inflation data

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nimy to raise $1.21M to explore 'newsy' WA targets

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News