Yes, there's been plenty of red flags flying over Wiluna mine operations for quite a few years. However, even when things have looked totally cactus (e.g. BLK's emergency recapitalisation at the end of 2017 after Pacific Road decided to walk away from project funding at 30 seconds to midnight & also Milan's 2022 CR debacle & the resulting operational train wreck that followed), WMC are still alive (struggling & gasping for financial oxygen but still breathing nonetheless).
The Administrators have been doing a reasonable job navigating their way through shizen-houzen circumstances. They're moving cautiously & doing what they can to see whether or not WMC will manage to stay alive enough to avoid falling into the ASX graveyard.
