WDR 0.00% 14.5¢ western desert resources limited

debt and capial raising?

  1. 8,134 Posts.
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    Just going over some past annoucements adn see around mid last year the company raised around $100 million at 70 cents.

    Of that moeny raised there is only $6 million left in the bank as of last quarter and a $30 million loan facility which has recently been arranged.

    With current quarterly cost of around $30 million the company is either going to need to arrange another debt facility or perform another capital raising.

    I understand that the mine should be producing in October which is still 4 months away but i cant see any real figures of costs and profit projections.

    I cant even find a feasibility study for the project..... Am i going blind???
 
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Currently unlisted public company.

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