Ann: Exceptional High-Grade Drilling Results Continue at Wiluna, page-28

Your mate will be getting a cheque in the mail, did he/she not receive the letter about the small shareholding sale facility? If the value of their WMX shares was below $500 on the 20th July and they did not respond to keep their small parcel, or increase their holding then their shares will be sold (brokerage free) and they will receive cash.

See this announcement for details:
https://hotcopper.com.au/threads/ann-small-shareholding-sale-facility.5530316/#.X2qg6GgzbIU


"The letter explains that, unless those shareholders notify the Company that they wish to retain their Shares by submitting the Share Retention Form or they hold more than A$500 worth of Shares on the Sale Facility closing date, those Shares will be sold on-market, and the proceeds remitted to them free from brokerage and handling fees.

Accordingly, if those shareholders want to retain their Shares, they must return a completed Share Retention Form or make their own arrangements so that they hold Shares with a value of at least A$500 before the Sale Facility closing date or their Shares will be sold.

The price at which Shares will be sold under the Sale Facility will be determined by market conditions and is not fixed. The price received may be different from the market price prevailing at the time. All shareholders who sell their Shares through the Sale Facility will receive the same price per Share."