WMC wiluna mining corporation limited.

On non sealed roads roadtrains do no go well ( especially if...

  1. 23,954 Posts.
    lightbulb Created with Sketch. 770
    On non sealed roads roadtrains do no go well ( especially if they are tripples) due to traction. This, of course, also depends on terrain. In an emergency, the prime mover can operate with one trailer
    (1/3 the payload).

    The other variable is the type of ore (has it got clay) and the ability of the crushing
    & grinding plant to handle wet ore.

    By the sound of it, the rain on the 2nd & 9th March severely hampered production culminating with the
    TH.

    Let's suppose that Jan-Feb + a few days in March produced the 11,079 oz hedge @ $1709 AUD /oz:
    thats about $19 mil revenue. And let's suppose that the Mar outgoing is correct at $38.38 mil.
    Cash at 31st Dec was $10.7mil + CR Feb of $35 mil. (total $45.7 mil)
    This would mean a cash burn of $19.38 mil or a cash balance of $26.32 mil without further debt payments.

    Would this be positive or negative for the stock? IMO, the market has already factored-in this.
    MM

    PS: All of this is IMO: so please do your own research & consult a financial advisor before investing or selling.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.