Ann: A$100m Institutional Placement, page-193

WTT is one of the most valuable contributors to this forum IMO. Balanced, insightful and factual. Thanks again for sharing your interpretation WTT. As I digested the information provided by the company yesterday I had mixed feelings. I’m still not sure whether cap raise was necessary given positive cashflow is just around the corner. Does this mean that management are expecting delays to production of concentrate and thus delays to income?

On the other hand to raise $100M in such times of economic uncertainty is a show of huge confidence. I feel as though many will look back in a year and be thankful for the acceleration in project development, exploration and other growth driving activities, as we expose ourselves to premium prices for longer.

We all have different time frames and goals with our investment here, but anyone with mid/long term goals should see this as a potential company maker, just like the raise to go mining last year was.