Bonny, the only risk to the company going bust is if the main...

Bonny, the only risk to the company going bust is if the main lender, Macquarie pulls the pin which it won't because it has too much to lose at this point. While WDR keeps shipping it will receive enough cash to go close to repaying some of its debts. At the moment it is not generating enough cash to pay Macquarie its full monthly debt so it is presumably (WDR won't tell us all b/c that is what a professional company does and they are a pack of amateurs) asking for a repayment moratorium or another bridging loan until things improve. It won't go under as such. They won't ask shareholders for more cash because they know they won't get it. B/c they have a good resource there is a possibility someone will make a bid for them and we will all get bugger all in the end. A few scenarios, all of which spell bad news for us unless they can turn things around in next few months. Personally I believe they will turn things around, but will take some time before the SP recovers to anywhere near reasonable levels. Sad fact is management have proceeded with this with no contingency plans in place nor proper foresight about potential problems. All in all an exercise in how not to run a company. Press the button and hope for the best seems to have been their philosophy. We all expected more from people who talked it up but are nowhere to be seen when things are at this point of despair. Pathetic really. Bring in some pros I say.