InvestSMART

Wingara Ag Ltd (ASX:WNR)

ALERT: Price-sensitive ASX Announcement for WNR
Current share price for WNR : $0.007 0 (0%)+
Announcement
Release
28 Apr 2025 5:12PM
Price at Release
$0.007
Full Release
download
Summary
Wingara AG Limited provided its quarterly activities report for the period ending 31 March 2025, revealing a cash position of $648k. The company has ceased its processing operations and sold its JC Tanloden machinery for $500,000 plus GST. Shareholder approval for the machinery sale was granted on 9 April 2025, and Wingara is focusing on managing its remaining liabilities while maintaining storage services until mid-2025 when dismantling takes place. The report also outlines cash flows and transactions related to restructuring and ongoing obligations.
Key Points
  • Cash position as of 31 March 2025 was $648k.
  • Shareholder approval for machinery sale obtained on 9 April 2025.
  • Sale of JC Tanloden machinery for $500,000 plus GST completed.
  • Processing operations ceased on 14 November 2024.
  • Restructuring costs incurred due to workforce reduction.
  • Ongoing lease payments until February 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.