Still only $59/resource ounce for operating mine. This is a big...

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Kangaroo11

266 Posts.

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28/05/21

07:54

Post #: 53475647
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Originally posted by speculator101: ↑

Whilst I wish all shareholders the best with WMX, I was doing some digging, and was answering Drugo on another thread regarding WMX and its history of sourcing funding....(after thought some might find this interesting).
I think it's a pretty amazing feat that WMX is still listed (as the likes of MOY went under after raising/losing far less capital).

Funding/Capital raising timeline:

2014 March - $3m
2014 March -$6m convertible notes
2014 June - $2.2m
2014 Oct - $3.15m
2015 Jan - $3m
2015 June - $2.5m Further $6m debt facility (with a potential extension of $30m)
2015 Dec - $15.5m debt drown from loan to date
2016 Mar - $20.3m
2016 June - $7.5m further debt draw down (debt currently at $23m)
2016 Aug - $25m
2017 Feb - $35m
2017 Aug - $1.2m (debt facility of $72m, can draw down $3m per month, for 24 months.....) (debt now $37.1m)
2017 Nov - $7.5m (a new $50m debt facility)
2018 Jan - $36m
2018 Sept - $23m
2019 Mar - $26m
2019 Jul - Sold LakeWay assets for $10m
2019 Sep - $7m
2020 Feb - $26m (with $66m debt facility)
2020 Aug - $21m drawn from the debt facility above)
2020 Dec - $25m
2021 Mar - $39m

Grand total, $415m.

I tip my hat to any holders that have been around since BLK/WMX first purchased the Wiluna Plant.... you are truly unbreakable.

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Still only $59/resource ounce for operating mine.

This is a big gold asset that's why Delphi and the other instos just kicked in another $31m.

WMX Price at posting: $1.06 Sentiment: Buy Disclosure: Held
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0 Great analysis

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