WPG 0.00% 1.5¢ wpg resources ltd

Ann: Trading Halt, page-148

  1. 3,621 Posts.
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    Not going to reply to the other thread, but it is a concern when random 1st posters show up like that.

    I don't believe WPG would be trading insolvent, however, looking at previous Q's revenue (circa$21M) and projected outflows for this Q (circa $29M) along with cash and bullion on hand- they would be getting pretty low on cash. Rain delays at Tarcoola would have increased forecast costs too.

    Interested to see how much they raise and potentially who wants a piece of the pie. Expecting money to be used for 'plant capacity upgrades' and the usual 'working capital'

    Watching closely, hopefully a good outcome for all.
 
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