Its set up as a ' text book ' template of a potential emerging growth story. And if this isn't your're first rodeo , most would have seen this unfold many time over on the ASX over the years. I believe they still have available their 7.1A ASX 10% capacity limit available for raising capital , and I guess ify you think long and hard about it , you'll come to the conclusion that they'll want to place that at some stage at a higher SP to fund development off the back of some stellar results.
I note also that someone mentioned Eric Sprott in a post today with his view on Silver and how it is massively 'squeezed ' on the supply side. Interesting that Eric Sprott has no less than half a dozen or so direct Silver investments ....., and mostly on the ASX but is a well known investor in ASX listed stocks as well. Wouldn't go astray bringing someone like him onboard on the next ' Text Book ' milestone which obviously the company is having to contemplate on the ' Run ' at the moment.
So things are very dynamic and fluid in terms of this one , and so I guess I can forgive to a certain extent a perceived delay in reporting results because they want to approach it from the most favorable angle with the most potential ' Bang ' for their ' Buck ' so to speak.
WCE Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
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