WPI west peak iron limited

Ann: Annual Report to Shareholders - 2015, page-4

  1. 12,115 Posts.
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    Cash position can be a concern for some people... however, the wages are dropped by 50% since 2014... now close to 150k per annum which is very good. Total cash 280k and no debt with a market cap of 4m is pretty good.
    This means they are not in a dire situation to raise cash. I would say Rsl sort of raising might be done which is around 300k... but that might be a strong signal...
    Also interesting to note that direction is very clear... it's a tech acquisition they are after... looks good.

    Just a wait game really...

    Cheers
 
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