WMC - Wiluna Mining Corporation

Sean K said:

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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sptrawler said:

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

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Telamelo said:

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

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Telamelo said:

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

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Telamelo said:

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

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