WMC (ASX) Ann: Funding Update for Wiluna Stage1 Development

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WMC wiluna mining corporation limited.

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117 Posts.

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29/03/21

12:02

Post #: 52109624
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Originally posted by Hiddenvalue: ↑

Well if the board can't get some of the major SH'rs to do their job and stabalise this price, they will have Buckley's chance raising the entitlements issue.

Already trading at less than the entitlements on Micky Mouse volume so this is clearly retail now punishing the stock. Retail have every right to be disappointed by this move from the board.

We have the reserves to go stage 1 so why keep drilling at the rate we are and diluting SH'rs down when we could just get stage 1 going and build the SP and then raise funds once market could see a SP running in the right direction??

Extremely disappointed in this strategy from the board!!!

Yes we may result in a better valuation in terms of MC if we drill aggressively but if we are smashing SH'rs with 50% dilution from recap, who cares about an increasing MC???

This strategy only has a few parties interest in mind, our large holders with open cheque books and a limitless ability to fund this.

Milan and board, how are you looking after the SH'rs who do not have an ability to participate and who have already funded the company to the tunes in six digits $$$.

How is my shareholding going to increase in value??

How will I be rewarded for already dipping in my pocket half a dozen times for capital???

Expand

They have never given a shit about share holders? Mr jerkov, brian Dickhead same shit different day. What has changed. Nothing. Good luck to all, starting to feel like on board of the titanic yet again..

Originally posted by Hiddenvalue: ↑

Well if the board can't get some of the major SH'rs to do their job and stabalise this price, they will have Buckley's chance raising the entitlements issue.

Already trading at less than the entitlements on Micky Mouse volume so this is clearly retail now punishing the stock. Retail have every right to be disappointed by this move from the board.

We have the reserves to go stage 1 so why keep drilling at the rate we are and diluting SH'rs down when we could just get stage 1 going and build the SP and then raise funds once market could see a SP running in the right direction??

Extremely disappointed in this strategy from the board!!!

Yes we may result in a better valuation in terms of MC if we drill aggressively but if we are smashing SH'rs with 50% dilution from recap, who cares about an increasing MC???

This strategy only has a few parties interest in mind, our large holders with open cheque books and a limitless ability to fund this.

Milan and board, how are you looking after the SH'rs who do not have an ability to participate and who have already funded the company to the tunes in six digits $$$.

How is my shareholding going to increase in value??

How will I be rewarded for already dipping in my pocket half a dozen times for capital???

Expand

WMX Price at posting: 98.5¢ Sentiment: Hold Disclosure: Held
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