its only for the brave/foolish this one, dont tell your friends...

its only for the brave/foolish this one, dont tell your friends to buy it

This has been one hell of a ride for kim baby, Wiluna is a well known dog of a gold mine, like SBM and CTO. In fact a friend of mine, who is a WA gold mining engineer and whose immediate ancestors managed it decades ago, knew it was a dog, bought in at $1 because kim and mark where running the show, such is their reputation. They now have an unmarketable parcel



however the "dogs of gold" ( someone should start an index) are moving and this is the best looking dog in the pack

Its payable over AUS1100 if they can get their act together. CTO is probably unpayable full stop and SBM could eke out a living over AUS1200

the only reason you buy the dogs of gold is you think gold will blast higher soon and you get the leverage from the large ( payable?) resource base

I've watched AXM freefall for a while, the key was clearing out the debt and hedging.Once they did that there is little risk of bankruptcy, only further dilution if more cash is needed. I guess kim wouldnt be buying if he thought that was the case