WWI 14.3% 1.2¢ west wits mining limited

Ann: Soweto Gold Project Resource Increases to 1.32 Mill Oz-WWI.AX, page-21

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  1. 2,042 Posts.
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    mcreek, I am sure the company has good reason for delaying the repair of the damaged equipment. They have made a call that all illegals are to be removed before they are prepared to fix the damaged equipment or re-commence alluvial mining. It is a good call by the company but it may also mean that the alluvial mining may never go ahead either. Its a risky move by the company but I now support it. I was angry previously about Derewo but I do see the advantages of getting rid of the illegals once and for all. Both you and Timmo are correct in a way. The company can only tell you so much due to disclosure laws. Trust me I have tried myself but even though I cannot get them to tell me what is going on behind the scenes, you get enough information to know that things are progressing and that nothing has changed for the worse since the last quarterly was released. WWI has an outstanding board and I trust them 200%. I was not interested previously in the SA asset but I now see the advantages of now focusing on SA until the illegals are sorted out by our partners at Derewo. I have now changed my sentiment from a hold to a buy.
 
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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
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