The Chairman can't just press a button and get finance. There are some substantial risks for any financier wanting to give WWI a large amount of money (relative to their market cap). Now if IDC are evaluating the opportunity at $1,900 then the figures will look a hell of a lot better at $2,350 and very attractive if it hits $2,700. WWI is hugely leveraged to the gold price.
I think if IDC is successful then that will de-risk the other lenders.
The other big opportunity is if the gold price keeps rising then the total debt required is potentially reduced as they become profitable quicker.
Chairman (Director) on a 6 months Performance Plan/Notice due to an inability to start mining, page-562
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Last
1.3¢ |
Change
0.002(13.0%) |
Mkt cap ! $32.99M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $14.53K | 1.123M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6225000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1442014 | 2 |
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| WWI (ASX) Chart |