SP as i predicted on 21st August if you check my...

SP as i predicted on 21st August if you check my posts.

Unfortunately now a lot of volume needs to turn over requiring a lot of holders to hold to get back over $1. My fear is any holders now will be quite nervous and take a profit again on the way back up softening any real rebound. A dead cat bounce !

I would suggest to the BOD to divest any non core assets in a spin off or vend, then issuing those shares in species to all current shareholders. This way we gain extra equity. This story is all about Mt Isa, not WA.

The problem moving forward with Juniors at this stage of their exploration and SP cycle is that any news creates liquidity and an exit for nervous holders. The market is tough, and looks like it may be for a while.

Hard decisions a head for the BOD as i would imagine any instos still in would be riding them hard to get news flow and the SP up to balance their fund book or to exit and liquify cash.

I doubt there would be any TO talk until an ML is granted and a DFS completed. A few more years and maybe $15m - $20m to go yet plus bonds. This is too small for larger Co's to spend their time on completing, yet once granted and looking for development finance they may be interested.

what to do now ?