I think that is a pretty good report. yes high cash burn for Q3 but we know the reasons why. One month into Q4 so forecast production must be pretty robust, ASIC heading in the right direction, production largely hedged, grades improving, confident to repay debt and forecast more to be repaid. Unless they are completely incompetent (I don't believe they are) or are misleading shareholders (again I don't believe they are) we should see WPG cash flow positive with their debt halved at the end of this quarter. They had me very worried but am feeling a lot happier this evening. I think the market should like it, albeit a rocky ride!
WPG Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held