I think all we know at this time is what WUC has disclosed: The company claims to have enough cash "to fund the company's 2015 operating expenditures and debt service..." WUC did not explain what is included in "operating expenditures", but noted that its budget "assumes that no significant activities are undertaken during the corresponding period to commence production from any of the Assets." I assume "the corresponding period" means the period through December 31, 2015.
The disclosures are somewhat vague, and I'm sure their plans could change if the BLR tie-up is successful. In any event, a capital raise and/or asset sales will be necessary before long.
BLR Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
