WMC - Wiluna Mining Corporation

[Sean K]

Over 3000g/t is quite spectacular even if only over 1/3m. The problem is consistency with these types of deposits and knowing where the high grade is when mining. It could be quite random. Hasn't been travelling well. Not sure what's up?

 

[Telamelo]

Over 3000g/t is quite spectacular even if only over 1/3m. The problem is consistency with these types of deposits and knowing where the high grade is when mining. It could be quite random. Hasn't been travelling well. Not sure what's up?


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I sold out of WMC a while ago @ $1.12 (switching into RMS instead) due to possible issues relating to their polymetals extraction plant in Russia & subsequent sanction concerns as a result etc.

Cheers tela

 

[sptrawler]

Capital raising in May.
Voluntary administration in July.
Ouch that has to hurt.

 

[Telamelo]

Capital raising in May.
Voluntary administration in July.
Ouch that has to hurt.

Worst performing ASX stock that has gone from bad to worse (hope shareholder's got out whilst they could)

 

[Dona Ferentes]

Goldie WMC now @ $1.10 .. noting their first shipment of concentrates & logistics confirmed as scheduled to depart from Fremantle port tomorrow i.e. 23/02

Sailed on 28 Feb, but which was bound for Russia. Not good timing.

WMC private placement: (Nov 2021) Placement of A$53 million at A$1 per share
• Delphi Group maintains support with $17.85 million investment
• Mr Vladislav Sviblov joins the register as second largest shareholder with $15 million investment
• Polymetal International Plc, our alliance partner and a top-10 gold miner globally, becomes shareholder with A$7 million initial investment
• Five major shareholders maintain support, including our lead broker Arlington Group Asset Management Limited and their principal, Simon Catt
• Participation of Executive Chair Milan Jerkovic and Delphi Group subject to Shareholder Approval

Obviously not insiders to the plans of the other Vlad

P.S. Unfortunately it seems us retail holder's miss out altogether.. bummer

Or , really really lucky.

 

[basilio]

Have to say the sudden collapse of WMC just after raising $60m seems strange. If I was a shareholder I would want to know where the$60m was now.

Answers Forthcoming for Wiluna Collapse – ShareCafe

Investors in Wiluna hope to start getting answers as to why the company suddenly went into administration last week, with an initial report to creditors due on August 1.

www.sharecafe.com.au

 

[System]

WMC delisted on 5 April 2024.