I think it’s dead in the water The WA drill was a duster, RIO will not be spending another cent following the below average results of the first round
South Africa is a mess that potentially just got a whole lot worse. It was already on shaky ground with billions of dollars of outflows in foreign investment.
Now if WWI couldn’t secure finance with a stable government what hope regardless of the future makeup of any coalition government have they now? Investors just will not take that kind of risk with their money. No way.
What will be interesting over the coming 6-8 weeks maybe 10 as it becomes clear how dysfunctional the new government is as well as no progression from IDC will be watching investors trying to sneak there way out of here without making it so obvious.
I predict by Sept the WWI SP could be back as low as .003
WWI Price at posting:
1.3¢ Sentiment: Sell Disclosure: Not Held
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