WDR 0.00% 14.5¢ western desert resources limited

silence on ever-falling wdr share price, page-26

  1. 669 Posts.
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    The uncertainty around production and the barge operator has been the major cause for share price falls in the last month.
    However, tho possibility of those issues continuing is well and truly baked into the share price IMO.
    Any further weakness is now tied to the iron ore price which has been suffering in the past couple of weeks.
    A fall of another 1% to $102.70 in the previous trading session was a continuation of the slide in price.
    If production targets are met in the next couple of quarters when 2/3 of the iron ore price has been hedged, the company should be able to pay a substantial portion of their debt balance off.
    This would take a lot of pressure off the company and negate the need for a capital raising,
    It is fortunate that the cash cost of production is lower than others as it could be even worse!
    Hopefully the IO price can head back upward.
 
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Currently unlisted public company.

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