WWI 14.3% 1.2¢ west wits mining limited

Ann: Commencement of Operations at Derewo River, page-25

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  1. 97 Posts.
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    I'm not so sure BC, the number of shares traded since the announcement of progress at Derewo is only around 4 million from what I can see. The number of new shares is 79 mil.

    The news that access to the site has been obtained should have set the world on fire IMO. This is a massive step forward and should bring in new investors, who would not have the opportunity to take part in the rights issue.

    I agree that closing of the RI might help, but we need to get the message out that significant progress has been made and this will lead to generating cash for the company.

    Unfortunately it may well be that potential investors won't touch anything in Indonesia. Maybe when production starts people will invest. If so the share price could move up quickly as there will be a shortage of sellers.
 
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