Ann: A$53 Million Share Placement, page-3

Yep. I'm good with this. Yeah for sure - more dilution and big boys get cheap shares again. However, WMC has done a massive amount of exploration work with excellent results. The gold is there - lots of it. They have a credible plan to develop the project and the extra infrastructure required is in progress. What they needed was more cash.

So it's been a painful journey but it seems to me that all the pieces are in place now. $1 a share was cheap, but it could soon look incredibly cheap as the SP rerates - and that will good news for the rest of us.

Cheers

Dave