WWI 14.3% 1.2¢ west wits mining limited

Yes, I have owned my $75,000 worth of WWI shares since 2009 and...

  1. 2,042 Posts.
    lightbulb Created with Sketch. 10
    Yes, I have owned my $75,000 worth of WWI shares since 2009 and my average was at 12 cents. I also vowed not to buy anymore WWI until something more concrete was announced and I could see either alluvial mining or drilling was a certainty but I have decided to gamble some extra dollars and average down. Buying in at 2 cents compared to 12 cents I just couldn't miss at this time. We must remember that the drilling is expected to begin in October / November or at least rock chip sampling etc. I sense WWI are probably waiting for the next $1 Million in November before they commit to drilling to conserve current cash balance which I haven't got an issue with. Then WWI will get another $1 Million in Feb 13 and another $1 Million in May 13. Its a gamble me buying more shares but is cheap compared to when I was buying in in 2009. Now that America is printing $40 Billion dollars every month the gold price should go over $2000 ounce and if WWI do get the illegals removed and they do start alluvial mining this thing will burst. It would only take a few weeks to get an alluvial operation up and running and I am hoping WWI will surprise in the next few weeks or months. Once the illegals is taken care of they will fast track everything. They have too because they need to produce 20,000 ounces of gold by July next year so the performance shares can be exercised or they expire worthless. Even the performance options mean nothing to WWI I doubt they would want them to expire worthless.
 
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.