WTM 0.00% 34.5¢ waratah minerals limited

That person wants to cash out his/her profits. There still would...

  1. 950 Posts.
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    That person wants to cash out his/her profits.
    There still would be lot of 6c people left in the game.
    At today's price is still a 30-40% profit.
    I would take it happily. I think most will.

    As I have mentioned before things get done in Africa very slowly.
    I speak from experience. I was involved in a gold miner in Africa which has the mine and some infrastructure already over there. The management kept on saying Mining Licence imminent, next month meeting with the Mining Minister........bla bla bla......finance ready in the back pocket....that was 2013.......
    ........today 2018 still waiting for the mining licence. That doesn't mean exactly same thing will happen here. BAT could come out tomorrow or next week with a grant of Mining Licence. No one knows.
    I am only saying Bureaucratic process takes more time in Africa compared to Australia or Canada.

    I sold most of my holdings above 8c.....and only have a small holding (which doesn't bothers me wherever the price may go). I am waiting to buy under 7c (6.5-7c) ideally. Happy to pay 10-15% premium to the sophisticated cap raise investors....no more than that.

    The brokers played a fantastic game here.
 
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