Ann: Rights Issue Prospectus, page-2

Ok, I have a suspicion the BOD/management might have some plans.

Have a look at this.



Plus, it mentions that WIN doesn't have access to every mineral on their tenements, particularly gold, if I remember correctly.



They mentioned this the other day.



These are the entities surrounding WIN.



WIDGIE NICKEL LIMITED (ASX:WIN) - Ann: Non-renounceable Rights Issue to Raise up to $4m, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

My thoughts?

WIN might be looking for a JV partner or buying more mineral rights on their tenements, but it looks as though they might be working on a few options. Divestments could raise more cash without diluting holders again. Anyway, I'm not sure, but I'll be interested to see what comes of this.