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Ann: Trading Halt, page-149

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chris1983

13,667 Posts.

1290

08/06/17

12:44

Post #: 25172424
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Originally posted by Nodferatu ↑

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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Having torn the quarterlies to shreds the only reason they have that additional spend is due to capital expenses related to getting the Tarcoola mine up and running.

There is no issues with insolvency. It's an insult to even bring up the word.

WPG Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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