Just going over some past annoucements adn see around mid last year the company raised around $100 million at 70 cents.
Of that moeny raised there is only $6 million left in the bank as of last quarter and a $30 million loan facility which has recently been arranged.
With current quarterly cost of around $30 million the company is either going to need to arrange another debt facility or perform another capital raising.
I understand that the mine should be producing in October which is still 4 months away but i cant see any real figures of costs and profit projections.
I cant even find a feasibility study for the project..... Am i going blind???
WDR Price at posting:
68.5¢ Sentiment: None Disclosure: Not Held