WMG spent around 3.5 mil the last 4 quarters on exploration in a 12-month drilling program and continuing. With 3 mil in the kitty and around 20 mil options at an exercise price of 30 cents, if the re-rate happens and with a frugal management, the next raise may be at least 9 months away.
But first, I am expecting 2 announcements next week.
Ann: September 2023 Quarterly Activities & Cash Flow Reports, page-33
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Last
26.0¢ |
Change
-0.010(3.70%) |
Mkt cap ! $21.03M | |||
| Open | High | Low | Value | Volume |
| 26.8¢ | 27.5¢ | 26.0¢ | $8.042K | 29.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3241 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 4700 | 2 |
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| Last trade - 15.45pm 29/08/2024 (20 minute delay) ? |
| WMG (ASX) Chart |