I imagine the lenders are just mitigating risk with the ESG and it is one of the only activities WWI can do without 3 x independent director. The lenders are just making sure that Quinert and Grigor can't walk out to the carpark with a wheelbarrow full of their money or some other predatorial group tries to take their money from WWI.
Have they ever had an independent director(s) in your time as a holder?
As a pragmatist, I agree with WWI's assertion that the company is too small and in the wrong station atm.
However once WWI gets to about 50kOz's they should have set up it's independent director committee's with about 5 x diverse independent directors.
Or option 2 is they run WWI efficiently as a business, pay back the loans quickly, build reserve capital to invest in projects of their choosing, with confidence from the market that they can make good business decisions.
WWI Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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