WA8
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0.00% 5.4¢ warriedar resources limited

29M needs a deep pocketed equity partner.Golden Grove operation...

  1. Joelstar
    3,789 Posts.
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    27/03/24
    08:54
    Post #: 73075576
    29M needs a deep pocketed equity partner.
    Golden Grove operation is barely generating cash at present.
    Heavily OTM gold hedging, a crappy zinc offtake price, tailing dam needs urgent lifting to utilise mill throughput and where will they get the money to develop Gossan Valley deposit???
    They are in deep shit!!
    https://hotcopper.com.au/data/attachments/6061/6061642-16eae675ab87d539e6e099eb00efd1ce.jpg


    WA8 Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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