Ann: WWI Completes $1.2M Placement, page-64

I have answered them a thousand times over but here we go again for your sake:

1. So you don't think the IDC loan will be approved?
Of course, it's a possibility. The BIGGER question is on what terms? Have you seen the rates at which IDC lent out money? And the terms they have received from Orion in the last 6 months, another Australian mining company operating in Africa.

IDC pay investors a rate of over 10% on their money and they loan money out at between 15-19%
You have no idea what slice of equity will go with those terms, but none of it is great for shareholders. Just look at what was offered to Wingfield for $10m

They may end up with $25m from IDC & Wingfield at a rate of 15%+ as well as $15M of 5-year options, which leads you to the next question.

2. If the IDC loan is approved, do you think this will lead to a share price rate?
Maybe a very small one, but the current dilution, the proposed future dilution and the obligations from debt mean that it will struggle to get over 3.5c even at today's record gold prices.

I wish it was different, but this is a company that is set up and will only ever benefit the board & Wingfield. Retail Shareholders have been taken on a joyride that will not end well for any of them.