winery update via asx announcement, page-15

I hope I don’t have to wash my mouth out with soap But WAL is becoming an interesting company.

Cash with the suggested profitable pending Winery sale. (Starting to suggest a focus on exploration supposed core business ????)
CLR as a cash cow.
No Debt.
Should not go broke if expenditure is controlled.
Gold prospect in Indonesia and if the latest announcement is confirmed with drill results (which should be close) could be a gem.
Trading (dormant) at less than asset value. But the Buy Sell ratio very good.

One could argue it is a spec buy or average down.

BUT.
Transparency, Board Independence. Needs to be resolved before I would touch it. I’m just sitting at a substantial loss.