WWI 14.3% 1.2¢ west wits mining limited

NGIt's hard when you are of the belief that something good is...

  1. 877 Posts.
    NG

    It's hard when you are of the belief that something good is around the corner

    But this all said, the muppets running this show seriously need to take a lesson from some of the other stocks on the bourse on how to keep their shareholders advised of events.

    On the one hand, there are companies that are too regular with announcements - they basically let you know when they are going to the toilet. West Wits is drifting to the other end of the spectrum.

    Realistically, there were at least 3 things that should have been disclosed by now.

    What the ASX needs to do is invoke a rule which states that if the company has advised the market of a significant transaction, then they are required to provide ongoing disclosure on a regular basis, and that doesn't mean quarterly. Companies that decide to use the quarterly to hide their laziness should be held accountable.

    Fact of the matter is that many investors still follow portfolio rules. It's not good enough to say it's a great story and that the tide will turn - sometimes you need to sell out of something similar because it is underperforming in relative terms. And byjesus, WWI is underperforming in a massive way.

    Wake up to yourself directors of West Wits. Get off your behinds and start showing a greater level of proactivity with your shareholders

    Marchello
 
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