Ann: WWI Launches Underwritten Rights Issue & Completes Placement, page-3

Pretty underwhelming…?

The funds raised under the Placement and Rights Issue in combination will be used for:

• Mine development, the Early Mining Initiative, exploration and Stages 2 and 3 feasibility studies at the WBP;

• Progressing exploration activities at the Mt Cecilia project; and

• Meeting general working capital requirements.

So… just more cash for what they’re already doing? Why didn’t they raise this three months ago when they did the previous raise? Nothing has changed since then - they should have known then how much money they needed to get this off the ground surely?

Something is missing here.