WKT 0.00% 9.5¢ walkabout resources ltd

Ann: Notice of General Meeting/Proxy Form-WKT.AX, page-16

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  1. 2,837 Posts.
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    TG - They have a qtr in the tank - should be enough to generate good enough news flow to pump the SP for another less dilutive CR in the new financial year.

    Hopefully by then a cornerstone investment is secured and hopefully optimisation of the graphite comes good by then and an offtake can be secured.

    There are "ifs" but that's speculative stocks. I think from recent lows and the expected news flow to come, there is plenty of upside.

    As previously mentioned, MGMT probably shouldn't have placed the full capacity at the time they did, they should have done a small raise then a bigger one at at 6 or 7 when the price was at 8 or 9. IMO - placing the lot was a knee jerk reaction to broker demand.

    In closing I really don't think anyone invested in WKT are scared of or not resigning to a CR next qtr. I would just hope MGMT have the nous to do it at the right time this time around.
 
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