Yeah not sure I agree with your analogy there. Your suggestion that the company with cash on hand and cashflow would go and needlessly raise money while the company is undervalued is curious.
If WWI needs money for SA capex then I'm sure it could drive down the road to Nedbank and ask for a loan. Otherwise, the company has already said it's self sustaining.
The company has also said Pilbara exploration is funded from cash and cashflow.
So yeah, not sure you'e on the money this time Don
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