WDR western desert resources limited

first shipment of ore confimred, page-3

  1. 7,777 Posts.
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    Jimbo - I think I remember in one of the more recent WDR reports that mgmts intention it repay the Macquarie debt back, in full, within two years.

    If they manage to accomplish that, we'll have 8 more years of high grade DSO to ship - debt free. We've got relatively low cash costs so we'll be printing cash in no time.

    I'm really confused at to what the market is waiting for before deciding to re-rate us from a explorer to producer. What's the trigger point? The 16th Dec when the ore actually hits the barge? Who the hell knows?!

    Perhaps we don't have enough press....
 
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