Well they have approx. $15 mill in dry oz of gold concentrate after treatment charge etc. Plus $4.8 mill. in cash. That is if they find a buyer. Contractors have been paid enough through raising to keep them happy. (Reality no as their payment has been cut in half with share price depreciation). Instos are wondering what to do. Secured creditors have an agreement on the current profitable hedging contract. Could be interesting. Let alone offtake agreements.
WMC Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held