new issue, page-13

Barging problems (not being fully open about whats gone wrong and new team - who are they/credentials etc? that now have to ramp up in a couple of months) when clearly exposed to material ie 2MT production worth of forward commodity & FX contracts in US$ terms. If they can't deliver the product volume could be sufficient to sink WDR??

From accounts sounds like auditors were only prepared to sign off on WDR "as a going concern" on basis capital raise was guaranteed ...hence underwritten.

Wonder how much of the funds raised in the CR will simply go straight into Macquarie's pocket to pay the hedge liabilities when production falls short?

I think this can be turned around eventually but not going to happen overnight and I wouldn't be surprised to see another cap raise after this one. Also, where is the mining expertise on the Board?