They have $3.272m + $220k incoming grant, so no reason to dilute shareholders at such a low market cap
if funds arent required right now. There's also 1.4m .30c options worth $420k that need to be exercised in November, so they have plenty of cash to drill multiple holes. If they get a 2nd rig out there, then different story.
Ann: June 2023 Quarterly Activities Report & Cash Flow Report, page-80
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $20.01M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 23.5¢ | $6.101K | 25.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 54750 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 14000 | 1 |
View Market Depth
| Last trade - 15.36pm 13/09/2024 (20 minute delay) ? |
| WMG (ASX) Chart |