WWI 7.14% 1.5¢ west wits mining limited

THE 3 MILLION OUNCE BET, page-1261

  1. 12,907 Posts.
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    How many on here have read the 2019-05-19 Issues and Responses Doc from locals?? ... 104 pages

    I'm not posting made-up Negative angles and forgetting the potential upside trying hurt the SP bah bah
    I have no axe to grind ... if it wasn;'t for LB I wouldn't have investigated RXL ..

    not sure if you remember "mcreek"But LB use to Bag the crap out of WWI daily during 2019...but i guess as he got a few cheap its now allgood...

    I held WWI for just over 2yrs... most of you guys much longer term ... I was happy to walk with a tidy Profit... and if issues are sorted can always get back on board within minutes...

    I honestly see WWI as a 33/33/33 play

    33% chance it will not get MR for various reasons and will be crushed and hand over assets to DRD etc for peanuts and move focus to other projects as a sub 1mill nano cap

    33% chance they will be further delayed and get no open-cut approvals but undergrounds (which will cut of early ramp-up plans and need much higher CAPEX before seeing any free-cashflows.

    33% chance- MR ML all approvals happy days profits will flow in time later next year?? after placements + CR from memory 30-35mill in CAPEX was needed for FS -mining etc cost for first stage (or more likely after some toll treatment Qtrs WWI will be paid out for the asset by Sibanye)
    Last edited by Sharetrader78: 21/06/20
 
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