They have continued mining at basically breakeven or close to breakeven there is more truth and clarity in this report than WMC ever produced. They are winding gown operations this december They have had a significant amount of parties interested in WMC but shortlisted a few for binding offers due 25th of this month.
I still doubt ordinary shareholders will see any return maybe a re-capitalisation a couple of cents in the dollar
WMC Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held