How are they even solvent?
Then you have
So basically, $39m AUD owing to creditors and capitalised interest....
and... another $57m AUD owing to Mercuia! Just shy of $100m!
That is after they burnt almost $40m in the last quarter (yes, some of it was on finishing the plant upgrade, but... not much!).
They are planning to have the grade increase by a whopping.... 10%? By Oct, almost 5 months away. I struggle to understand how they ended up with just $8.3m in cash/bullion.... how much actual cash???
I bet even the Insto's probably want to escape at this point, but.... cannot.
Perhaps in days past I would have somehow seen the possibility that WMC would rise from the ashes, but.... all I see is money being thrown at it, not any real change.
