A 50c issue with a share price below that. I don't think so fellas. Might be OK for big Bruce to throw millions away but we are mostly small holders already suffering big time. I wont be taking up the issue but am not going to sell after some thought and reading thoroughly today's statements. The spin from WDR is that things are getting better and back on track from next month. I am disappointed though that better cost modelling wasn't done ahead of production. Did they think everything would proceed smoothly which has never ever happened in any new start up in mining. Big fail mark for management. One thing I would like to know is on what terms has Macquarie provided bridging finance ? If they come back in 3 months with another raising then time to head for the stairs IMO. One thing I do know is that the chairman Ric Allert is one of the most respected businessmen in Australia and I am comforted by the fact that he will be doing his utmost to turn things around promptly. He won't want a failure on his CV.
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