WWI 14.3% 1.2¢ west wits mining limited

looking terrible again, page-39

  1. 1,935 Posts.
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    I raised the point with the company a month ago, they seem to think that having a number of potential buyers will offset any impact of a buyer low balling them. I can't see how any buyer would not see it as a distressed sale and an opportunity to go in with a low bid, they were expecting to be alluvial mining and so it was not a priority to do a quick deal in S.A. we will know if it is a crap deal because we have twice as many ounces than what was sold to mintails ( 139 700 vs 287 000 oz) and bear in mind that the present ground is easier to mine and has the potential to exceed proven numbers.
    regards timmo
 
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