go back through some of the interviews, Robert goes through the reasoning for the raise, the price of WSI has not factored in future growth, it is running in a high risk area, and prices have gone up I agree on that point, but I think labour prices has peaked, I cannot see a massive uptick in labour costs, especially if inflation gets under control. One thing that the company does need is to promote itself better, it needs to get volume and interest, if the iron bridge project is completed successfully and Alltype hand over the new Lynas project on time and budget then the unknown Grey cloud hovering over the company may lift, but it is a risky sector, but have a look at GNG, they are going great guns, this could be WSI in 10 years, the market is there, the companies re well established and well respected and have been running for decades, I think the weak link here is promotion, management have taken a step forward in regard to providing forward profit statements. I have for some time said a buyback would work, $1 million bucks will rid us of the small trader that is playing the SP on low volume, over 70% is held by top 30 holders, a buy back would make it more like 80%, tight registers can run fast, but I prefer slow and steady, WSI is not currently performing as well as it can but as I have stated I’m giving it till Christmas to make the SP trajectory follow the Companies.
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $15.30M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $18.01K | 140.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10233 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 60159 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10233 | 0.125 |
2 | 66038 | 0.120 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 60159 | 1 |
0.135 | 25000 | 1 |
0.140 | 150859 | 1 |
0.145 | 41230 | 2 |
0.185 | 100000 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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