WMC 0.00% 20.5¢ wiluna mining corporation limited.

The on-going commissioning debacle is going to severely dent BLK...

  1. 1,466 Posts.
    lightbulb Created with Sketch. 116
    The on-going commissioning debacle is going to severely dent BLK plans for any suspensions.....

    the cap raising done for 35m was meant for "expansion plans"

    If you look at the last quarterly the cash outflow estimation is 38.38m

    March quarterly revenue is roughly 15000 x 1600 = 24m

    That is almost a 14m negative cash flow from this quarter ( not including the gold room fire cost yet).

    on-going issues with open pit and underground will drag on into the next quarter with gold room taking another 2-3 weeks to fix.
 
watchlist Created with Sketch. Add WMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.