WSR 0.00% 1.0¢ westar resources limited

Ann: Response to ASX Price and Volume Query, page-49

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  1. 15,516 Posts.
    lightbulb Created with Sketch. 1283
    10 cents for me is 18 mill MC and options exercisable at 14 cents brings it to 200 mill SOI which is 20 mill MC at 10 cents

    Thats what Im basing the current valuation on.

    Yes per the recent 2A they aren't on issue but statement below indicates they will be placed to CPS Capital (commenced a process).
    https://hotcopper.com.au/data/attachments/5296/5296441-404809b7341c808df9b87fd453600bf5.jpg

    Tbh if the company was smart they would scratch the deal with CPS and try and raise after results at say 20 cents. That would be ideal, but I think this would already be in process. Who knows anyway, but Directors have discretion.

 
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