WGO have an obligation to pay out around $1.8m in cash for an acquisition from related parties (including the CEO)
they say they are not in a hurry to pay but who knows
so their potential cash position may be less than you think
they need to urgently get the drill bit in the ground and announce 100m @ 62% to the market to boost the share price
after that, yes, agree, WGO are going to have to step it up or bring some experts in to take control and push this project through because their efforts to date have not met their goals
MBM Price at posting:
19.0¢ Sentiment: None Disclosure: Held
