Ann: Update on Deed of Company Arrangement, page-4

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bevter

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20/11/19

08:58

Post #: 41521984
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Originally posted by John Veet ↑

Yes indeed NZ Trader,
I posted previously a question, about what happened to the gold bullion &/or proceeds from it ?
See for example the following published Feb 2017 & link below

"
Its Challenger mill has poured the first tonne of gold since it was restarted under WPG’s management in May 2016.
"

https://www.mining-technology.com/news/newswpg-resources-challenger-mill-starts-treating-tarcoola-ore-5733231/

I would like to know who bought WPG's assets and what was paid for them.

I would like to know who comprises 'Wilson Parties'. DOCA 2 as recommended by the Admins and supported by WPG Creditors, is still subject to shareholder approval : existing shares will be consolidated to 4.5% and 95.5 % new shares issued to 'Wilson Parties'.

A comprehensive financial and corporate analysis of WPG's history and proposed DOCA 2 would be useful for moving WPG forward, in my view.

Postponing statutory meetings is not helpful for shining a light on WPG's past nor for illuminating shareholders about WPG's future prospect !

Not professional advice : please do your own DD

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What does the Co. Secreatary do all day, and he was a part of the problem.
I'm always concerned when mgt appoints administrators instead of creditors
and I've seen the biggest creditor 'looked after'while the rest swing.
The boys at OGX have taken legal action over similar circumstances.
Time to lawyer up??

WPG Price at posting: 1.5¢ Sentiment: None Disclosure: Held
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Ann: Update on Deed of Company Arrangement, page-4

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