They said "The Company is sufficiently funded for the WE-4 and WE-5 wells as per the joint venture agreed budget".
And I'm not disputing that. They are funded for WE-4 and WE-5.
However, they will need to raise a substantial amount of money for operations post WE-5.
Which is going to be difficult to raise post WE-5.
So they will need to raise that money (which they don't need yet) before the end of the drilling campaign.
- Forums
- ASX - By Stock
- WGO
- Ann: Quarterly Report and Appendix 5B
Ann: Quarterly Report and Appendix 5B, page-56
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online