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6.85%

68.0¢ winsome resources limited

Ann: A$34m equity raise at a significant premium, page-218

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seaemay

7,376 Posts.

1099

11/10/23

13:06

Post #: 70286870
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Originally posted by StockforProfit: ↑

No one paid $2.38 for the placement. Only WR1 gets the benefit of that through a magical tax avoidance scheme for donors.

The donor pays $2.38 but then sells them at a loss to local sophs / instos at $1.22. They get the tax benefit and locals get the discount below SP. While the raise is good for the company in terms of cash raised vs. shares diluting the float - short term it's shitty for shareholders as the price is where it is right now (3rd day below CR price).

What I want to know is what stopped them setting the raise at $2.38 and $1.37 locally if the raise was so good for WR1? The discount was shitty, timing was shitty and the short term SP is suffering because of it. I get the long term upside of doing it this way, but irked around the fact it had to be at $1.22. Screams of no leverage.

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Sophs always want a discount to the last trading price or they won't play ball.

WR1 Price at posting: $1.22 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 68.0¢		Change -0.050(6.85%)		Mkt cap ! $147.1M

Open	High	Low	Value	Volume
73.0¢	73.0¢	68.0¢	$388.7K	552.5K

Buyers (Bids)

No.	Vol.	Price($)
2	8049	68.0¢

Sellers (Offers)

Price($)	Vol.	No.
70.0¢	12950	1

View Market Depth

No.	Vol.	Price($)
2	8049	0.680
1	3430	0.675
3	19442	0.670
6	32196	0.665
5	84025	0.660

Price($)	Vol.	No.
0.700	12950	1
0.705	2442	1
0.710	4232	1
0.720	7800	1
0.725	645	1

Last trade - 16.10pm 15/07/2024 (20 minute delay)

WR1 (ASX) Chart

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