WWI 14.3% 1.2¢ west wits mining limited

Ann: Annual Report to shareholders , page-5

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 347 Posts.
    ...well we all must understand that you go into a company like this with your fingers crossed - a great majority do fail. Further, as it is Indonesia(ns) that they are dealing with the 'extra' time needed to get anything off the ground can be substantial (and adds further risk that 'something' will derail the project).

    In saying that I have become a 'little' more confident in this company. I like the move that they have regular income coming through for the next 15-odd months. I never expected too much too soon (with Indonesia) so I was always prepared to wait a couple years once they bought into Indonesia to fix problems (ie give them a chance) and they have effectively bought time in which to do that now with a partial sale in South Africa.

    Removing illegal miners is not new and even a little research will tell you that this typically is not a short term operation (with any small mining company in Indonesia and elsewhere).

    So....WWI has about 12-15 months to remove the Artisan miners and commence a small scale alluvial mining operation. I am patient and will give them this time as if they do then their share price 'should' inprove quite well. If they cannot in this time remove the illegals then they never will. It's a risk that I am happy with at the moment.

    But yes - the company PR is pathetic! They do need to understand that people have invested their hard-earned cash with them and deserve a little more respect. It is small concern of mine when management's brains don;t seem to be wired to see things from the investors point of view.
 
watchlist Created with Sketch. Add WWI (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
-0.002(14.3%)
Mkt cap ! $40.66M
Open High Low Value Volume
1.4¢ 1.4¢ 1.2¢ $27.33K 2.109M

Buyers (Bids)

No. Vol. Price($)
15 4737266 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 674741 2
View Market Depth
Last trade - 15.43pm 15/11/2024 (20 minute delay) ?
WWI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.