Browsing the company website.... There is a report there dated 11 May 2017 ...
http://wpgresources.com.au/wp-content/uploads/2015/01/2017-05-11-May-2017-RIU-Presentation.pdf
Seems the plans were already laid...
Page 10 has clear headline: Modest infrastructure spend to take annualised production up to ~90koz p.a.
Subsequent pages promote further exploration.
My take-and I STRESS is MY take only!-Management have planned the CR and taken advantage of progress via recent reports to ramp up share price in preparation. As people know... Higher SP = less shares to be issued. The funds seem to be earmarked for expansion of the asset and this is aimed at increasing throughput. Said report clearly identifies a 'bottleneck' to production that needs to be addressed in order to increase it.
So... as long as the CR is aimed at this and not just identified as 'working capital' it should be (mostly) positive.... After dilution I suppose....
AGAIN-Pure speculation at THIS point.
See what the week brings...
Kindest regards.
J.
Ann: Trading Halt, page-65
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