As you know, Management has indicated they are fully funded until production,
I am more interested if WKT will draw down on the additional US$4.0 from BMCG to provide the working capital, (which will increase the total convertible equity to US$8.9mil) or if they have faith in tapping the market again. The 10-month window for WKT to request the additional US$4 mil in funding is fast approaching.
The last CR to institutional investors IMO was a complete disaster that resulted in the company being suspended from the ASX and WKT was required to offer a ~40% discount to raise around $7mil out of the $20mil they were after.
Ann: Application for quotation of securities - WKT, page-215
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $77.19M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $56.75K | 485.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 887272 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 9000 | 1 |
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| Last trade - 13.40pm 04/07/2024 (20 minute delay) ? |
| WKT (ASX) Chart |