WKT - Chart, page-21

Thanks all of you guys for providing the charts and giving your interpretations. They have been a great addition to the site. Yes, 8.5 cents and it may fall further unfortunately.

I'll add my interpretation which is based on the Commsec "detailed quotes" for WKT and WKTOA. (Sorry no charts here.) On one hand the options (i.e., WKTOA) have about 3.5 mil buyers (with about 100,000 sellers), while on the other hand the shares are the opposite, i.e., 3.5 mil sellers (with about 100,000 buyers). This data reveals the heavy pressure on the stock (which has been like this for several months now). It shows that many share holders are selling their shares to buy otions, in order to have spending money while we wait for the Mining Licence. So now we have hit stagnation and a tanking share price.

Isn't it a text book case of how NOT to raise funds? In the future, management shouldn't give these types of "free" options which can be bought and sold, then deemed two years later. Shareholders can't be blamed for trying to take advantage of the setup, and the other capital raisings by WKT have provided good funds. So a message to management: when we find that the lithium is really, really big and needs $500 mil to set up production, a better method of capital raising would be good.