WAK

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5.4¢ wa kaolin limited

Ann: WAK - Commissioning Completed at Wickepin - Kaolin Shipped, page-19

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Mastatrada

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20/10/22

11:34

Post #: 64296537
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Originally posted by Jakjazz: ↑

This is cover your butt type reporting...unqualified opinion but with a note. Haven't reviewed WAK's financials but suspect a few financial ratios (working capital, net assets etc didn't meet BDO's criteria so felt it necessary to add the notation. If there was a major concern then the opinion would have been qualified.

Such a report not unusual for a company just entering commercial production with no historic cashflows etc to ensure a strong balance sheet.

Give WAK 12 months to get their BS in order

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Why would it take a year for management to "get their BS in order?" And what BS are you actually referring to anyway? So far as I can tell things are going pretty smoothly, much smoother than a lot of the companies I've been invested in with regards to plant commissioning, offtake sales etc, and we're on the cusp of positive cashflow... Happy to hear the contrarian view if it has any substance

Last edited by Mastatrada: 20/10/22

WAK Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $28.27M

Open	High	Low	Value	Volume
5.4¢	5.4¢	5.4¢	$1.35K	25K

Buyers (Bids)

No.	Vol.	Price($)
1	85000	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.3¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	85000	0.052
1	100000	0.050
1	76998	0.049
1	394487	0.038
2	4054053	0.037

Price($)	Vol.	No.
0.063	50000	1
0.071	11509	1
0.077	9000	1
0.105	19230	1
0.140	27000	1

Last trade - 13.40pm 01/11/2024 (20 minute delay)

WAK (ASX) Chart

Ann: WAK - Commissioning Completed at Wickepin - Kaolin Shipped, page-19

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Ann: WAK - Commissioning Completed at Wickepin - Kaolin Shipped, page-19

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