Wesizwe (WEZ) is engaged in platinum group metals mining, primarily through the development of the Bakubung Platinum Mine (BPM), located near Rustenburg on the Western limb of the Bushveld complex. The company's focus includes accessing the Merensky and Upper Group 2 (UG2) resources. Additionally, Wesizwe owns a 17.1% stake in projects 1 and 3 of Maseve...
This is my first coverage of Wesizwe and I have no idea what the fundamentals are like but technically I see good speculating opportunities on a small cap.
Clearly the stock has been beaten and battered since April 2007 but I see a textbook zigzag patten from 1650 to 31 cps.
*wave (A) unfolded as an impulse
*wave (C) unfolded as an ending diagonal
Since the 2019...
Wesizwe (WEZ) is a miner of platinum group metals through its development of the Bakubung Platinum Mine (BPM). The company is developing a mine to access the Merensky and Upper Group 2 (UG2) resources. The mine is near Rustenburg on the Western limb of the Bushveld complex. The company also owns 17,1% of projects 1 and 3 of Maseve Investments. In its results for...
Wesizwe (WEZ) is a miner of platinum group metals through its development of the Bakubung Platinum Mine (BPM). The company is developing a mine to access the Merensky and Upper Group 2 (UG2) resources. The mine is near Rustenburg on the Western limb of the Bushveld complex. The company also owns 17,1% of projects 1 and 3 of Maseve Investments. In its results for...
Commodity stocks, like the underlying commodity they generate revenues from are well known to be cycle.
Looking at Wesizwe, it is no different. Since listing in 2006, the share has declined from an all time high of R16,50 to an all time low of 31 zac over twelve years.
The EWP puts this bear market into perspective. The entire bear is a zig zag pattern labelled...
5th Day. Today we bought some risky platinum.
I have the idea to start some high-risk/high return game. The main object to post one idea per each day for 30 days in a row.
Goals:
1. Buy stocks every day.
2. Keep balance at least of ZAR150.000 on 20 June
2. At least 30% of picked up stocks need to hit 25% profit gain.
Rules:
Only JSE stock exchange.
The initial...
