I have warned investors numerous times about Matt Gill and all the other directors riding this lifestyle speccy into the ground for nothing other than furthering their own agenda extracting their obscenely high salaries until it's in administration.
I would advise selling as soon as this is trading again if it ever does, they have spat out the same announcements for the last 8 years and I doubt the financing agreement is still in place for Mt Carrington, this is primarily due to the high number of shares on issue that limits the companies ability to raise future capital, within these financing agreements caveats do exists so its very unlikely it still stands or is on the same terms.
Also, note Mt Carrington has lots of people opposed to the mine with the lock the gate community within the area and to make matters worse that part of NSW is in severe drought and bushfire zone.
DYOR SELL!!!
WRM Price at posting:
0.4¢ Sentiment: Sell Disclosure: Not Held
