Firstly, I was a past holder, so am quite jaded.
But when I saw this announcement, I just had to post....
Both of the points I have highlighted, are just plain untrue!!
They are taking on more debt (which... actually increases the risk to shareholders considering past performance), and it most definitely does not
'maintain' operational cashflow.... that is just jibberish, they need to produce more gold!
I cannot imagine how it can 'increase' cashflow, when the sale price is under the spot price....
Does getting 6 months of your pay upfront make you more wealthy? no.. it just brings forward to payment.
Good luck to all holders, I know Wiluna has lots of gold, but... that has never been the issue.
Its all about commercial production, or lack of.
