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GWA Group Ltd V.GWA


Primary Symbol: GWAXF

Industrials
GWA Group Limited is an Australia-based supplier of building fixtures and fittings to households and commercial premises. The principal activities of the Company include research, design, import and marketing of building fixtures and fittings to residential and commercial premises, and the distribution and installation of various products through a range of distribution and customer channels in Australia, New Zealand and selected international markets. Its water solutions segment includes sale of vitreous China toilet suites, basins, plastic cisterns, taps and showers, baths, kitchen sinks, laundry tubs, domestic water control valves, smart products and bathroom accessories. The Company's brands include Caroma, Methven, Dorf and Clark. Its subsidiaries include Caroma Holdings Limited, Caroma Industries Limited, Caroma International Pty Ltd, Caroma Singapore Pte Ltd, Deva Tap Company Ltd, GWA Finance Pty Limited, GWA Group Holdings Limited, and GWA Group Holdings (NZ) Limited.


OTCPK:GWAXF - Post by User

GWA Group Ltd > Start of the long term plan
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Comment by babyofbullionon Jan 10, 2021 5:32am
194 Views
Post# 32262699

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Start of the long term plan

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Start of the long term plan

Just thinking out loud here...

They have the mixed development ore at site and being shipped to the mill. 

They want to mine some more to feed that through too (I don't think they have the money for this)

They have been prepaid for the bulk sample by Humon. 

So how about this plan...

1. Mill all of the bulk sample and send it to China,  - clear that obligation to Humon.

2. Raise some funds through a joint venture or otherwise, which involves:
- clearing debt owed to Chinese partners (converting to equity)
- either partial ownership of the Redstone Mill (perhaps the owner converts to equity too).
- partial ownership of a local concentrator (deal similar to what was planned with UC)

3. Use funds to mine some more ore and complete the bulk sample "in-house" post financing.

4. Transition into full production while using the flow through shares to continue drilling. 
 

This would certainly make everything a lot cleaner and might explain the delay getting the financing finalised (cleaning up the mistakes from the last few years of bad luck)

 

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