first shipment of wolframite to china, page-10

If anyone in this forum thinks this Co will receive some kind of financing through a short term loan facility or something similar then best you throw a bucket of cold water over you head and wake up...


This company has a serious cash flow issues and has stated in previous announcements it is looking at "all possible options to raise capital" as it will be exhausted by Jan 09! This is just a pathetic excuse to suck holders in - there is only 1 option!

You can guarantee that this will be through another cap raising at ridiculously low prices and there is nothing that they can do about it in this environment.


Who in their right mind would lend money to a company like this that is generating a negative cash flow regardless of their asset backing.