WMC 0.00% 20.5¢ wiluna mining corporation limited.

Good News Coming, page-55

  1. 2,894 Posts.
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    I think what is unfolding now is the cost of doing business with Lind. They will get 8.25 milllion dollars of shares at a very cheap price and risk free. Lind could have walked away from funding prior to handing over the 7.5million cash if they thought it was too much of a risk in my opinion.
    Acuity on the other hand is a distraction with a favourable outcome. BLK raised these funds at 4cents a share from these guys so I don't see them selling anytime to soon. 
    As to why they didnt Max out Acuity at 4 cents now to pay Lind in cash rather than shares for the first $750k instalment is a question we should all be raising??? Wait I think I have answered this already! 
    Capital don't come cheap in this sector even in the form of debt due to the risks involved. SH would never approve a loan facility that has a crippling interest rate and so it's done now in this fashion. Smoke and mirrors in my opinion. 
    This will at least give BLK the ability to focus only on MACA debt now which should be achievable over the 12 month period. 
 
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