The point is these problems are continuing, so investor concern...

  1. 1,674 Posts.
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    The point is these problems are continuing, so investor concern continues. Hence such discussion continues to be valid

    The debt to WATPAC keeps increasing. The board shifts the blame to JW, but has not done anything to benefit the share price or to successfully address this problem.

    Is JW blameless? He appointed WATPAC as mining contractor.

    Is WATPAC an experienced and successful gold miner. Yes in as much as their debts from A1 keep growing. No in that A1 is not paying down the debts, because they are not finding expected grade.

    Is the problem that the grade was not there, or that WATPAC's mining diluted or wasted ore (or both). Well if mining method is the problem, we are unlikely to be told.

    Any reader like to comment on the suitability of 200 ton excavators for mining the ore at Beta, or if in fact WATPAC used other equipment to extract the ore. With JW gone, were they mining with insufficient direction. If so a fresh start at Alpha will only help if WATPAC accept competent direction.

    A1 and WATPAC have dug a big and expensive hole. I hope they can get out of it. It will take time, which I dont have right now, so I sold out. Price is now up 25%; hope it continues rising

    Any comments to continue these themes. Just trying to pin down where the problems are.

    Maybe we need another thread "Does WATPAC control A1; what can board do about it"
 
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Last
3.5¢
Change
0.001(2.94%)
Mkt cap ! $21.21M
Open High Low Value Volume
3.6¢ 3.6¢ 3.3¢ $9.489K 275.7K

Buyers (Bids)

No. Vol. Price($)
1 27161 3.5¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 609649 1
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Last trade - 14.02pm 28/07/2025 (20 minute delay) ?
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