Come December 15th, the plan is to have loaded AIW with around AUD23.5m of debt to gain 22% of a project extrapolated to a total value of approximately AUD107m.
So, what are you getting for that? An adit, a couple of high grade, albeit narrow width assays, no resource definition or mining plan and drivers who've taken all before you to the cleaners.
In my view, on or about the 1st of February will be the first indication that history will repeat…..They'll never turn a profit and each interest payment will convert to shares at an ever reducing VWAP after an extended information vacuum, followed by a decent announcement and subsequent dump.
Come December 15th, the plan is to have loaded AIW with around...
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