WMC
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0.00% 20.5¢ wiluna mining corporation limited.

Ann: A$53 Million Share Placement, page-24

  1. Cooksbooks
    704 Posts.
    lightbulb Created with Sketch. 67
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    22/11/21
    23:09
    Post #: 57767365
    I don't understand how WMC could have $400M in hedging contracts in place and the market cap - even with the raise - doesn't even come close to that figure.

    That is only the value of the contract for selling 159,000 oz of gold, not counting every other bit of value, nor any other sale of gold outside that contract (I believe only 70% of production is contracted)
    Last edited by Cooksbooks: 22/11/21
    WMC Price at posting: $1.11 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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