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clock Created with Sketch. 11/09/23
12:55
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Originally posted by T2CupAndHandle:
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I was expecting movement on WD to be a catalyst, a cash sale would have helped with the con notes, avoiding further CR etc. The outcome was disappointing short term, negligible cash component. Maybe good in the long term but how long before anything eventuates? The pain of con notes and further cap raise dilution will happen before the gain from the WD alliance comes good. And as moneyzone says, in the mean time White Dam is cash flow negative in a time when cash costs so much dilution to get a hold of.
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Agree WD needs to be sold now for cash come year's end, Recent Ann does allow for this to occur now, but nothing is priced in, and nor should it be. Newcrest is the main driver and if they keep pushing fast on the spend which they are, things can turn quickly. I'm hopeful we are looking/sitting pretty well into year's end.
