WBE 0.00% 0.7¢ whitebark energy ltd

Ann: Wizard Lake Facilities Completed, Production Online, page-22

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  1. 8,751 Posts.
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    The new shares are being issued on the 24th of December.

    If you were looking to buy-in (or buy more) you'd probably be waiting until those shares begin to hit the market, hoping to pick up a few cheapies whilst getting a feel for how many of the "sophisticated" investors plan to sell-out immediately.

    Given the holiday period is about to begin, the share price might track sideways (or even slightly down) until the 2nd or 3rd week of January.

    After that, the fundamentals will begin to shine through. They are too good not to see an appreciation in the share price before the next quarterly.

    Just my opinion, of course. I suppose my basic point is: don't read too much into any share price weakness/stagnation in the next few weeks. Especially, don't going selling out because you mistakenly think the failure of the share price to rise after all these good announcement indicates some underlying issues. Its just the market doing what the market does after a capital raising.



 
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