WIN 4.17% 2.5¢ win metals ltd

Widgie Nickel LTD, page-916

  1. 156 Posts.
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    Thanks Brucie. A good listen. I like those blokes.

    Im just at a loss to explain continued decline/low liquidity in WIN. The small cap mining sector has recovered a bit generally this month, but still no support for WIN.

    The main thing I can think is the question: Do they need cash via equity raise? Mgmt indicated this in the quarterly, but noted this would likely be sorted in the long promised offtake, possibly via equity buy in. Is the market waiting for this before we see any support? Makes obvious sense. The selling from 20c and still into 15c is just relentless.
 
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