The only funding likely now is a highly dilutive capital raising at a discount.
Not a placement at a premium but a heavy rights issue in which holders will need to dig deep or be diluted.
Debt funding was theoretically possible and desirable but not realistic.
Buckle up and get those cheque books out.
We will soon see if the T40 bravado turns inTO cash at bank for WKT.
Any thoughts on issue price and number to be offered?
Us$40 m cap raise?
Equals say A$60m
Issue price - say 10c
Number of shares to be issued - 600m
That's a lot of dilution!
All rubber numbers but they give you a feel for what could be coming......
DDD
Charting 2.0, page-2011
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.83M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $4.298K | 38.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 203451 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 230858 | 4 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WKT (ASX) Chart |