Totally agree @SuchisLife.
11/01/13 to 26/06/13 (approx. 5.5 months)....that's the time it took AXM to progress from a 'strategic review' of operations to a status of 'receivers appointed'. Management was also spruiking a production goal of 100,000 oz p.a (weirdly similar to BLK) although it made no difference to the eventual outcome.
https://hotcopper.com.au/threads/ann-strategic-review.1913256/?post_id=11276162
It's sad there's no funds in the CR to purchase / install flotation equipment for the sulphide concentrates. Only time will tell how long it takes BLK to sail down a similar path as AXM...hopefully a lot longer than 5.5 months (perhaps less if the CR doesn't make it over the line): Mar'19 quarterly might illuminate things with fewer dark shadows compared to pg.36 in the Prospectus. It'd be interesting (helpful) to have more detail from management about the risk/litigation options involving BLK, Pacific Road Capital & the 2017 Pacific Road funding that didn't happen (pages 18 & 50 in the Prospectus).
- Forums
- ASX - By Stock
- WMC
- Ann: $26M Capital Raising for Transition to 100000ozpa
Ann: $26M Capital Raising for Transition to 100000ozpa, page-66
-
-
- There are more pages in this discussion • 103 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online