Ann: Trading Halt, page-35

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ThinkinLoudly

3,662 Posts.

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22/03/21

12:23

Post #: 51943106
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Originally posted by GravityWaves: ↑

There's no harm in dreaming about fantasy production numbers @AHendo.

Interestingly, the former Wiluna mine owners (Apex Minerals: AXM) were dreaming about similar production numbers as you in their Jan'09 Investor presentation....

Also interesting is the amount of money Apex Minerals raised after their first gold pour at Wiluna : the progression of dilution was a bit catastrophic...

APEX MINERALS:
22/12/08 : WILUNA FIRST GOLD POUR

27/01/09 :$19.6m @ $0.27 : (placement)
18/05/09 :$14.0m @ $0.20 : (placement)
25/09/09 :$108.6m @ $0.04 : (9 for 2 renounceable rights issue)
06/08/10 :$5.0m @ $0.02 : (placement)
02/02/11 :$6.3m @ $0.18 : (placement)
02/02/11 :$16.3m @ $0.01 : (1 for 2.4 renounceable rights issue)
07/03/12 :$22.2m @ $0.002 : (2 for 1 renounceable rights issue)

07/05/12 : 1:100 Share consolidation completed

18/07/12 :$2.74m @ $0.11 : (placement)
21/09/12 :$2.52m @ $0.09 : (placement)
21/09/12 :$8.86m @ $0.08 : (1 for 2 non-renounceable rights issue)
-------------------------------------------------------
Stage 0 : $206.12m
-------------------------------------------------------
21/03/14 :BLK completes Acquisition of Wiluna Gold Project

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What a sad indictment for WMX is this post ... o dear!

Possibly, even sadder is that this market allows this rinse repeat cycle to continue until further notice ... o dear!

WMX Price at posting: $1.09 Sentiment: None Disclosure: Not Held
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0 Great analysis

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