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20.5¢ wiluna mining corporation limited.

TagH - Gold just touch 1350USD/oz !

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nailsnglue

1,748 Posts.

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11/04/18

20:44

Post #: 32389585
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Originally posted by TagH ↑

they’ll be back if POG goes over US$1350

“‘Imminent announcement’ of US action in Syria coming amid expectations of air strikes ‘within hours’” (source from Europe air traffic control)

unfortunately DTs most likely sold into insto hands since recent announcement ... interesting few days coming up

slight over-reaction to wipe $40m from the MC because a stockpile is a few tonnes short of ore (particularly if due to wet weather / lightening event the month before & with wet season now another 6 mths away now) ... that’s what a stockpile is for - contingency ...

and if it was wet weather that caused the event (most likely explanation for ‘less mining material moved’) ... it is likely AISC would have been lower in the month ... even though within guidance

(talk of grade control ... we’re not at 1.1 g/t and there is now a thing called a Technical Advisory Committee at BLK now)

or may be share price action is algos at work (without emotion, support of social media)

remember cashflow is king (c$4m debt repaid, exploration drilling for more free milling options)

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TagH - Gold just touch 1350USD/oz !

BLK Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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