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9.2¢ gwr group limited

Ann: IPO Prospectus for Western Gold Resources Lodged, page-12

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wilef

2,925 Posts.

105

24/05/21

11:38

Post #: 53370549
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Originally posted by wilef: ↑

The problem with the gold going alone as a company, has a few problems.
Starting out the company has only about $7million in cash,
WMX doesn't look like treating our gold, or, you would have heard about it by now. Or, maybe they want a bit more $'s to treat it. Which might make it not worth our while.
The resource is not big enough to warrant it's own plant at this stage
$7 million is not going to last long with a bit of drilling and exploration plus administration (directors).... expect a few credit raisings.
That's why it was better staying as part of GWR, they handled the cash and administration.
Shareholders 50% has been given away and we have still got the same administration..... "Nice work if you can get it"

It appears to me that the directors of GWR have not got a clue, when it comes to actually Mining

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I forgot to add that this separating the Gold from the iron ore, makes it less chance of a Take over target.
If GWR, was ever a take over target?

GWR Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.2¢		Change 0.001(1.10%)		Mkt cap ! $29.55M

Open	High	Low	Value	Volume
8.9¢	9.2¢	8.9¢	$6.294K	70.31K

Buyers (Bids)

No.	Vol.	Price($)
1	276298	9.0¢

Sellers (Offers)

Price($)	Vol.	No.
9.2¢	14938	1

View Market Depth

No.	Vol.	Price($)
1	276298	0.090
1	90044	0.089
1	289701	0.088
1	247532	0.087
1	50000	0.083

Price($)	Vol.	No.
0.092	14938	1
0.094	106382	1
0.096	11794	1
0.100	29000	1
0.105	50000	1

Last trade - 15.59pm 28/10/2024 (20 minute delay)

GWR (ASX) Chart