That seems to have been Byrnecut's plan all along :/ WPG made the decision to dig-further based on the 'expert' reports provided by Byrnecut's evaluation.
They probably learned that trick from Pybar who were telling Unity Mining (UML) there was plenty of gold down in their mine/s..Then after months of labour (revenue for Pybar) mining services they declared that there's not-much-there after all..UML share-price tanked then lo & behold Pybar (mining services contractor) made a takeover-bid for UML (the gold mining company) which was desperately accepted by all those who believed Pybar's stories..If we can't hold Byrnecut to account for leading WPG down-the-gardening path with a multi-million $ loan at 20% interest, then at least they should be 'decent enough' to do what Pybar did to UML and pay us stakeholders something..via a full takeover. If there wasn't so much gold further-down then why did they report that there was ???? Or are they just not digging where they know they need to..bending WPG over..if there's not a proper-takeover then a thorough investigation of Byrnecut's future mining/results at Challenger Deeps will be required..Did they deliberately underperform last month ? The motivation is there..
WPG Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held