In fact when one totals up all the total Cash raised to date including IPO = $20m (IPO) + $7m (CR) + $60m (CR) + $34m (CR) = $121mil cash funded to date.
Has the company increased shareholders value through sp value appreciation?
$120m out of 200m shares on issue = 60c per share.
So after 3 years of toil and time spent, WR1 sp has added ZERO value and is basically just holding the replacement cash value in its current sp of 72c
What exactly is the point here to continue to consume the cash as a holder if we dont sell Adina to crystalise the value - if all you are getting is cash replacement value in the sp.
If the market doesn't rate Adina;s value why are we still waiting for the market to do a re-rate. It won't happen as we have seen time and again.
WR1 General Discussion, page-25896
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Last
57.0¢ |
Change
-0.025(4.20%) |
Mkt cap ! $126.2M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 61.0¢ | 56.5¢ | $621.5K | 1.063M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13655 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 3478 | 1 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |