Maybe they can fly in some cheap workers and get the costs down....

Maybe they can fly in some cheap workers and get the costs down. Just looked at the dec 12 financials and they're scary, $371M accumulated losses, $22M half year 12 and total liabilities of $53M. If the 2 sales go through they'll get $65M less costs and any more debt accumulated in the 1st half of this year. After paying off debts there might be enough for tea and biscuits and to wind this baby up, a couple of years too late IMO.

I would have thought the accumulated losses might be attractive for a new owner to offset tax for a long-long time if they thought they could get Wiluna into profit, if the losses transfer.