WDR 0.00% 14.5¢ western desert resources limited

C'Mon Norm, page-72

  1. 3,482 Posts.
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    I don't think Bruce M would lose too much sleep over losing 50 odd mill.... In fact, it probably serves as a good tax right-off for him.
    You can't assume that they will keep going because people won't want to lose money. Fact is, they may lose more money if they keep on going. They can't maintain the operation if they constantly need to borrow money from one to give to another to pay the bills.... The debt can only be circled around so many times before it becomes unmanageable and too high risk. I'm sure the big boys will be working out at what point that they cut their losses if that's what it comes down to... They don't invest large sums of money without having an exit strategy
    Either way it goes, It's going to be a long and dark path to success, if they can get there.
 
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