Share
6,055 Posts.
lightbulb Created with Sketch. 904
clock Created with Sketch. 01/05/16
11:24
Share
Originally posted by seaemay
↑
It doesn't matter what anyone says, you can't run any kind of business for long when you're not making a profit, and more so if you're losing money at the rate WLF is at present, especially if you have a large debt overhang. I dare say many holders are taking some kind of comfort from the fact that they have an asset in the shape of a working mine and plant that appears to be worth more than the company's market cap., but unfortunately plenty of other companies have gone to the 'breaker's yard' under similar circumstances in the past. It's sad to see, but once again a host of faithful believers could lose their hard-earned cash in what probably seemed an iron-clad investment a couple of years ago. I know the feeling all too well; I've gone under with a few 'sure things' myself in the past. Perhaps that why I imagine the worst happening here - only hope I'm wrong for the sake of all the good folk involved.
Expand
A very strong case for bankruptcy.
