@GravityWaves and @Undaunted well done. I will confirm to say...

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24/03/21

13:23

Post #: 52003544
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Originally posted by GravityWaves: ↑

@Undaunted it doesn't look like WMX have met the Mercuria credit criteria for the $40m at this stage, or maybe the Terms & Conditions were going to be unpalatable, so WMX have gone to the feeding trough (again). Seems to imply that high-grade ore wasn't found where it was supposed to be during the last 6 months & that Mar'21 production & AISC is a bit on the crappy side (which is normal)...the second half of the FY is usually the worst. I'm anticipating there'll be another FY21 guidance downgrade sometime before the end of FY21....there's usually (2) per year.

Two new entries in my WMX CR summary (at the bottom of the list)....in the old money (pre-consolidation) the current CR is @ $0.01 (which seems to be a favourite CR share price offer for WMX since 12/09/19).

Updated list of CR's for Stage 0...

23/11/11: Blackham completes Acquisition of Matilda & Williamson

26/04/12 :$1.025m@ $0.21
19/09/12 :$1.1m@ $0.19
13/12/12 :$0.4m@ $0.16
19/02/13 :$2.31m@ $0.21
10/07/13 :$1.01m@ $0.21
17/09/13 :$2.0m@ $0.25
07/03/14 :$1.5m@ $0.25

21/04/14 : Blackham completes Acquisition of Wiluna Gold Project

17/06/14 :$2.2m@ $0.21
26/06/14 :$1.4m@ $0.1785
30/10/14 :$3.15m@ $0.115
29/01/15 :$3.0m@ $0.09
14/03/16 :$20.3m@ $0.45 : (Placement)
19/08/16 :$25.0m@ $1.00 : (Placement)

18/10/16 : FIRST GOLD POUR

31/01/17 :$35.0m@ $0.68 : (Placement)
31/08/17 :$1.2m: (Lind)
22/01/18 :$35.9m@ $0.04 : (5 for 2 renounceable entitlements offer)
19/09/18 :$0.045m@ $0.042 : (payment in shares to BPDT & Co.)
25/09/19 :$9.0m: (Convertible note Lind)
20/03/19 :$25.8m@ $0.015 : (5 for 4 renounceable entitlements offer)
12/09/19 :$3.0m@ $0.01 : (Share Placement Plan)
12/09/19 :$4.0m@ $0.01 : (Placement)
26/02/20 :$26.0m@ $0.01 : (Placement)
06/03/20 :$26.15m@ $0.01 : (4 for 9 non-renounceable entitlements offer)
04/12/20 :$24.55m@ $1.43 : (Placement & SPP)24/03/20 : $7.5m @ $1.00 : (Placement)
24/03/20 : $31.5m @ $1.00 : (1 for 4 non-renounceable entitlements offer)
------------------------------------------------------------------------
Stage 0 : $294.04m

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@GravityWaves and @Undaunted well done. I will confirm to say that this announcment is nothing but hugely disappointing for shareholders.

It's going to take alot now to have my respect on this forum after today's shocker and blindside.

I think to say that I am disappointed would be very polite.

WMX Price at posting: $1.03 Sentiment: Buy Disclosure: Held
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@GravityWaves and @Undaunted well done. I will confirm to say...

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