WMC wiluna mining corporation limited.

Ann: Extension of Time for Second Meeting of Creditors, page-4

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    So I assume that you mean that Plan A was a sale of the assets, and looks like the offers were extremely low and very weak interest. I presume that you are implying that Plan B was a recapitalization option but the history of the mine and terrible gold sector investor sentiment seems to suggest that Plans A and B were a total waste of time. Add in the inflationary environment to blow all capital and operating costs out of the water, and the lack of the gold price response to worldwide inflation essentially renders Wiluna worthless and/or a massive ongoing liability for anyone else. It's really just something to sit on, and drill to prove up more ounces to the point where you can sell it to a "bigger fool" or the economics change in the future to make Wiluna a viable operation again, which could be years away.
 
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