Great news the company received the conditions required from the ASX last night in order to relist…..
The fact that there are conditions at all is a real concern. If the company were compliant - reslisring would have occurred at the end of the shortfall placement. As @semi retired stated on Monday - those close to WKT management expected the suspension to be lifted Tues/Weds this week. How they were wrong….
Now, the company announces (quote); “BELIEVES it can satisfy each of these conditions in a timely manner and INTENDS to recommence trading as soon as possible” ! (Unquote). Hardly a strongly confident statement. The ASX have likely requested stringent financial assurances. In my opinion - mostly around the CRDB drawdown.
Thurs 10th November - based on the wording of this announcement and the CRDB still not communicating as announced in the QRTLY, I expect the suspension will be yet again extended.
Ann: Voluntary Suspension Extension Request, page-11
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Last
9.6¢ |
Change
-0.009(8.57%) |
Mkt cap ! $64.44M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.6¢ | $30.41K | 305.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 62320 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 51479 | 3 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| WKT (ASX) Chart |