Mate he knows there's value here. This $1.2m raise to mates was a last filling of the trough hopefully. Which means a good time to buy in as an unsophisticated.
I personally don't see why we would try to get anymore debt funding in place atm.
If Wingfield and IDC are ok with knowing we have $26m usd and plenty of opportunity to raise more when required and likely a much larger market cap to do it why insist on more dilutionary funding. MQ has said they could get going for as little as $15m usd they chosen to chase the $54m usd which is around $45m usd at current rates because it gets them to 70k oz within 3 years.
For starters Wingfield can pay the $6m in options whenever they want in the next three years. What I'm also wondering does the money already spent on the underground count towards that number they spent $10m+ shoring up the underground and building infrastructure on-site.
To my mind it's buying mobile equipment and paying wages whilst they get to the point ore is being processed by Sibanye. Sustaining capital cost of mesh, rock bolts, concrete etc to open up new faces as they go.
- Forums
- ASX - By Stock
- WWI
- Ann: WWI Completes $1.2M Placement
Ann: WWI Completes $1.2M Placement, page-36
-
-
- There are more pages in this discussion • 107 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WWI (ASX) to my watchlist
|
|||||
Last
1.3¢ |
Change
-0.002(13.3%) |
Mkt cap ! $33.04M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.3¢ | $85.16K | 5.862M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 5391514 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 410000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 5391514 | 0.013 |
4 | 1948411 | 0.012 |
9 | 1969033 | 0.011 |
9 | 1308999 | 0.010 |
11 | 4478889 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 410000 | 2 |
0.015 | 2033334 | 3 |
0.016 | 3376979 | 7 |
0.017 | 3358358 | 11 |
0.018 | 1916797 | 6 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
WWI (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online