WR1 6.85% 68.0¢ winsome resources limited

Ann: Winsome to raise up to A$60m to accelerate Canadian projects, page-133

  1. 3,402 Posts.
    lightbulb Created with Sketch. 448
    No i do understand it completely but it seems we're talking about two different things.
    You're referring to the money received by WR1, yes that represents a higher average price per share, around $2.40.
    I'm referring to the final price paid per share by all the current holders of the new shares after the FT shares have been sold on to other investors.
    That is $2.00 and that's why I'm expecting the SP to drop as all those soph's will dump the shares for an instant 16% pay day, pretty good for a days work.
 
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