Ann: WWI Completes $1.2M Placement, page-102

My gut feeling is the finance will fail. The IDC was a small lifeline to gain attention to potential lenders and the Wingfield offer is nothing really because they are not prepared to fund the initial costs of getting the project started, so what confidence in the project does that show, absolutely none. Both IDC and Wingfield are not prepared to take the risk until after first gold pour and the riskier lending has been spent. We should have raised the money we needed to get the project up and running when the share price was sitting around 6 - 7 cents and higher. WWI has never been good at the way they raise funds. I will not give a Sentiment score because all this could work out. They certainly do need to get this finance over the line though or we will have a stressed asset which the company will struggle to sell at its true value.