WMC 0.00% 20.5¢ wiluna mining corporation limited.

Hi @Cumberland16, looking at the Sep'23 quarterly (pg.1) it...

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    Hi @Cumberland16, looking at the Sep'23 quarterly (pg.1) it appears there's potential for WMC to re-list sometime during the next 13 months, but only if the remaining Conditions Precedent are completed...

    https://hotcopper.com.au/data/attachments/5708/5708873-de01533eb9c00f645cee96545f74ad2d.jpg

    Stacks of cash needed for a proper recapitalisation (at least $100M+ considering WMC desperately needed $80M with the last CR) and as we know from history, mining at Wiluna easily burns through truckloads of cash regardless of who's running the circus.

    I think the Administrators have done a pretty reasonable job keeping WMC alive while cleaning-up Milan's mess.

    It'll be interesting to see who ends up stepping-in as MD to take on the challenge of mining & extracting gold from Wiluna's refractory sulphides.
    Last edited by GravityWaves: 03/11/23
 
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