WSA 0.00% $3.86 western areas limited

Ann: Successful Completion of Share Purchase Plan, page-3

  1. 7,528 Posts.
    lightbulb Created with Sketch. 6789
    A doubling of shareholding at these prices a very nice result. I can see why companies get frustrated by doing retail share offerings. They quickly knock out a capital raising with Insto's and know what they are getting. Can be done swiftly and they can move on. 14% take up is a rubbish reflection on retail shareholders, particularly when a clear discount in closing stages - I am grateful, more shares for moi.

    I did a similar thing in ORE last year. Bought in at $2.60 or something and sold out at over $6 recently. This was an opportunity gone begging for many retail shareholders. Whilst Lithium miners have gone a bit silly off the charts on EV demand, Nickel has yet to see the same exuberance, but inevitably will as the mass of retail sentiment wakes up.
 
watchlist Created with Sketch. Add WSA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.