WPG is a cash consumer, not generator typical of many resource juniors. Challenger never made any decent money for Kingsgate & in the absence of some reasonable exploration success it never will for WPG. The gold grade for this type of orebody is simply too skinny !
WPG has run into a whole lot of trouble which will require at best, a dilutive equity raising (if its possible) to get some breathing space. Looks like substantial monies are required just to get creditors back to reasonable terms, never mind capitalising the operations properly !.
WPG Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held