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20.5¢ wiluna mining corporation limited.

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Dabble010

3,878 Posts.

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06/02/20

18:17

Post #: 42787585
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Originally posted by GravityWaves: ↑

Considering the progress BLK made during the Dec'19 quarter with accounts payable & debt repayments, I thought I'd update my bullet points milestone list.

IMO, things might be looking up if they achieve all the following milestones...

The Working Capital Facility is fully paid by 29/02/20.
They continue to reduce the balance of their Maca Loan (fully payable by 31/05/20).
They announce funding for Stage (1).
They announce a finalized Expansion DFS for Stage 1 & 2* (*In the context of planning / feasibility for Stage (2) supposedly commencing sometime in 2020 / 21, it's unclear what progress they made on their Stage (2) DFS over the past 12 months since their Stage (1) announcement back in Feb'19. I suspect somewhere between not much & none.
They avoid another Entitlements Offer (either bundled with, or separate to, their other Stage (1) funding arrangements).

Cheers

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Just spare yourself the time and effort and come to terms that it will never be good enough for you!
BLK Price at posting: 1.1¢ Sentiment: None Disclosure: Held
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