Ann: WWI Completes $1.2M Placement, page-59

Ask yourself this question. If the company was unable to manage a small project, the EMI, which was 10% of what will be needed on a monthly basis going forward. Well how on earth can they manage the numbers they are proposing with just 1, yes 1 single person on their team with any mining experience? It is just not going to happen. If you can’t build an outhouse you certainly can’t build a mansion.

You can’t simply contract all that out, it has been proven time and time again to fail in every single industry and the people with money all are very aware.

On top of all that is the BEE commitment for both employment numbers and their current 33% of the operation. On top if the IDC lend the proposed money that number HAS to increase in one way or another.

So would you risk your money on a company with no internal mining experience, with 1 single project that still has an environment appeal against it, which if upheld would stop all operations and a long record of failure across 15 years of operations.

A much larger and local mining company already walked away from this project, and you’d think why wouldn’t they just buy it? It’s small change to them, but they haven’t and they won’t. Surely there are enough signals.

And on top of all that, if the IDC comes through, look at the dilution they have offered to Wingfield for much less capital. Do you seriously think IDC won’t want the same or even better terms?? Of course they will. So any relate is going to be minimal because it’s so massively diluted and even more so since last week.

Your effectively gambling everything with a best possible outcome being capped below 3.5c for 5 years. There are countless better options on the ASX with much less risk.