WMG 2.00% 24.5¢ western mines group ltd

Ann: Exploration Activities Recommence at Mulga Tank, page-31

  1. 936 Posts.
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    At around $35 WMG would have the equivalent Market Cap of Chalice when it peaked just before the "Short". Why was it shorted ? Possibility because of their being a technical risk around the metal recovery due to the nature of the rocks .

    Something worth taking note of is WMG have around 1/4 of the issued shares that Chalice had when their MC was around $3 Billion ,

    But Chalice didn't have 2 Rock Drs. in their team who thought the rocks were favourable for a simple float circuit to produce a high value concentrate.

    And on their project the drilling contractors preferred to be paid regularly "With Money"


    https://hotcopper.com.au/data/attachments/6296/6296957-47576bf419b6c1d3283021a9ea66008d.jpg
    Sheep asleep.

    I don't know anything,

 
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