WWI 14.3% 1.2¢ west wits mining limited

Start mining, page-17

  1. 2,042 Posts.
    lightbulb Created with Sketch. 10
    Timmo, you work out how many shares WWI has on issue and multiply that by the share price. Many investors think that if a stock is trading at $2 and another stock is trading at $1 that the $2 stock is worth more. Not the case. If the $1 stock has 5 Million shares on issue and the $2 stock has 2.5 Million shares on issue, they are worth exactly the same in relation to market cap. Market Cap should always be used as an indicator if the stock is overpriced or not. You certainly wouldn't buy into WWI if they were currently trading at $1 with say 400 Million shares on issue as that would put there market cap at $400 Million. They are proposing to go into production this month so I would currently only price WWI at about $10 Million market cap value. You also need to take into account any debt and specifically convertible notes. Both are dangerous and any company you invest in that has either, you need to do your research more closely. I am only happy to hold WWI while they have no debt or convertible notes. WWI may need to go into debt to bring a project into production (still very risky though) but an exploration company should never go into debt or take on convertible notes and if they do, most go under. Why would an exploration company ever consider going into debt but some do unfortunately. It is better they raise capital via sophisticated investors or sell current unwanted assets like WWI have been doing with there South Africa assets.
 
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.