WA1 3.43% $13.50 wa1 resources ltd

Broker Data, page-181

  1. 11,573 Posts.
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    one of the reasons I've bought in is that I think it has huge upside, but also because I think it's fairly safe re downside movement. Now I'm already down approaching 20% in a few weeks as a holder... so it doesn't sound so clever, but at a valuation of $250m or so we are capped like we haven't found anywhere near what already have. So I struggle to think that even without too many announcements that we will get smashed. Languish maybe. But smashed from here? I would think will take some bad news or a major market collapse.

    Would be good to either get this cap raise out of the road or take it off the table as an option. Right now it's a manipulated situation that serves no one any good and is causing the gloss to come off the company a little. Either relent to these fraudsters and do it or find a way to announce the plan to market to get to mre before considering raising cash. Our md is silent when you ask him this which of course sends a message it's well and truly on the table.
 
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