WWI west wits mining limited

Chairman (Director) on a 6 months Performance Plan/Notice due to an inability to start mining, page-684

  1. 1,233 Posts.
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    You are a dreamer and don't seem to understand why the GP has almost no impact on WWI's ability to get mining.

    Do you ever just ask yourself, if this is the closest gold mine to production in the entire world why on earth can it not attract any finance?
    Why is its only remaining hope a government loan?
    They are not trick questions, the world banks are buying gold, and the Chinese are buying all in record numbers, driving the latest boom.

    But with all that, and with an apparent ability to have ore stockpiling in6-8 weeks - why can't it secure any money?
    Why do the current EOIs for any potential loans stipulate that the borrower's money will not be allowed to be used upfront? Doesn't that tell you, 100% clearly, that there is no confidence in them to get mining?

    All personal slights aside, why? Why can it not secure that money more than three years after approval for mining rights in a world gone crazy for the yellow stuff?




 
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