Yep all i could say was WoW as i picked my jaw off the ground in absolute disbelief that WES has spent some $1.5 billion in acquisition / development costs and i think if im reading the Dept of Mines notice to forfeit the tenement M77/1080 (Earl Grey Deposit) for not paying State royalties.
This and Wesfarmers BOD not developing the known GOLD assets which they own 100% demonstrates IMO a complete vote of no faith in the Wesfarmers Board of Directors.
So WES last quarter share of Li 50,000 tons produced at loss of $26 million but didn't pay State royalties !
I revert back to GOLD GOLD GOLD is the only think that will save WES and its $1.5 billion investment.
WES Price at posting:
$71.79 Sentiment: None Disclosure: Not Held
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