WWI 0.00% 1.3¢ west wits mining limited

Chairman (Director) on a 6 months Performance Plan/Notice due to an inability to start mining, page-346

  1. 287 Posts.
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    After some thought I’m going to take the CR as a positive.

    1. It was obvious from the current CFS, that liquidity was required
    2. -7 weeks to possible IDC Approval, Total Fin Stack timelines are at various levels of control, liquidity coverage is a necessity.
    3. more money for for unforeseen launch expenses (pre-finance), to facilitate quicker production or more efficacious production (more gold per tonne) or at a bare minimum qualifying DFS production for the first 2 years is very prudent. Particularly with the MR2 opportunity.
    4. Once Fin Stack is completed and production starts, +100% adherence to forward guidance is required so WWI needs to align engineering goals and aspirations now. Particularly with the MR2 opportunity.
    5. Once in production Mr Chairman, there is an expectation that Corp payments to Snr Mgmt will be heavily weighted to WWI prosperity goals and SP growth

    In summary, this is a transition period from GANT charts and presentations to physical production. And all this will be revealed in the next series of CFS’s, for current use of monies.

    Made more evident by the 24-25 forward company guidance which should be released/presented at the latest by the AGM in 24.

    This is the ‘rubber hits the road time’ Mr Chairman, time to close it out and be the Chairman of a Mid-Tier Gold Producer as you said you would be.

 
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