WFL 0.00% 0.3¢ wellfully limited

Welcome FY23, page-7

  1. 609 Posts.
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    You obviously have no understanding of the GEM facility. To access the funds in any sort of quantity is reliant on very big turnover of shares. At present rolling daily averages wfl turrnover is barely 1m a day. Hence the max drawn down is only ~$300-350k which barley covers a few weeks costs. The facility could be $200m that’s irrelevant if turnover is low.
    WFL needs turnover to be averaging 20m a day to get a meaningful draw down and that has never happened
 
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