Australia's largest stock trading and investment forum Australia's #1 stock forum

WMC

Click for more information

0.00%

20.5¢ wiluna mining corporation limited.

I suppose the main issue I have with WMC and its future is why...

First 9 Last

Share
Profile

Follow
joca

1,783 Posts.

155

12/11/23

13:10

Post #: 70853605
Share

Originally posted by yurts ↑

You are generous with your assessment of judgement, I am less inclined to be so forgiving. The destruction of Wiluna continued long after Milan and Co left the building.

Agree with earlier sentiment that Wiluna needs $100M+. Question is, if someone could gather up the $100M+ required to recapitalise, what would they pay for the asset? If Mercuria sits first in line for A$52.5M, what hope do the remaining creditors and shareholders have? Borrowing another $6.7M last quarter is just deepening the hole, I'm surprised they have a shovel long enough.

Expand

I suppose the main issue I have with WMC and its future is why there have been no takeover offers for the operation ? Companies like SLR have been hungry for aquisitions but maybe there is no money to be made. here.

WMC Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 2 more messages in this thread...

First 9 Last

Add WMC (ASX) to my watchlist