In latest video presentation CEO indicated progression to production at Qala shallows in 4-6 weeks time and is avoiding further SP dillution ... then we get another CR announcement.
I agree its necessary as we need cashflow to pay employees, overheads like materials (cyanide, oil, etc), cash in bank, electricity contract, hauling.
im down about 60% here, so I'd appreciate a SPP to get in at the same discount rate that the new sophisticated investor will likely be given, hopefully around 12c.
Some short term pain for all the LTHs here, but my assessment is we are close to the multibagger we all deserve for our resilience and support. So I'll buy in at full plus for any SPP CR.
DYOR and enjoy your investments, or find new ones that fit your risk tolerance and strategy. Lately I'm following beta value 《0.7 lower volatility stock. WWI beta value is 0.67 so there are a lot more volatile, rodeo rides out there. Roller coasters go up and down and up again. I can't see WWI falling into receivership with their resource size, permitting, market cap, exploration and they are very close to production.
Merc Out
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