WDR
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0.00% 14.5¢ western desert resources limited

Some disturbing information in the latest announcements. It...

  1. NTgeo
    111 Posts.
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    12/03/14
    09:20
    Post #: 13114184
    Some disturbing information in the latest announcements. It appears there was a $6.5M hedge loss up to end December with a further $15M hedge losses incurred to end March. This is $21.5M lost due to hedging - I thought the purpose of hedging was to protect the company from a decline in iron ore price!!

    The financial position looks pretty dire with trade debtors of $41.4M, loans of $92.6M and derivative liabilities of $46.5M. This has all occurred in the last 6 months. Without a considerable improvement in production and shipping WDR is not looking very healthy.

    DYOR
    WDR Price at posting: 48.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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