See below. I am shattered. The company needs to demonstrate its understanding of its WACC - weighted average cost of capital. Wayne is a CA so he should know all about that. I just had someone dump a whole lot of water in my whisky. I hate that. What a shit start to the week. Far too conservative. They need to get that volume up thru the mill - over 900 - coupled with good grades if EPS - earnings per share is to recover and have any meaning.
"To be considered a sophisticated investor your accountant needs to certify that you:
• Have earned an income of $250,000 or more per annum for the last two years or
• Hold net assets of at least $2.5 million.
Sophisticated investors can access investment opportunities not generally available to retail investors. These can include pre-IPO capital offers, equity placements, private equity, property syndicates, hedge funds, and other unlisted securities.
To be considered a sophisticated investor, you need a Qualified Accountant’s Certificate (also called a Sophisticated and Wholesale Investor Certificate or Investor Certificate) signed by your accountant, verifying your assets and/or income. Certificates are valid for two years and you need to make your initial investment within six months of obtaining your certificate.
Further information on this can be found in Chapters 6D and 7 of the Corporations Act 2001."
WPG Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
