WA8 warriedar resources limited

Ann: Share Purchase Plan Invitation Letter and Offer Booklet, page-90

  1. vmp
    14,477 Posts.
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    PF,
    Yes from a personal perspective that’s correct.

    This has a few angles.
    I wanted to avoid dilution (what I want is just a wish) as the SP would have risen to 15c at least with momentum (which was curtailed by the CR) and the bonanza grade if we were a bit more patient to go the distance with still $6m pre-cr, that’s hindsight now.

    Reality cr at 10c for 170m was dilutive

    Doing a $2m spp is too tiny. Waste of time.

    Accepting everything now say $5 or $8m is also dilutive but will shore up a circa $30m exploration funding.

    with $30m and the way this drill program started, hopefully the next CR will be north of 30c if not 50. If so then dilution will be much less, and at personal level, capital gains will be a lot more. So they might be inclined to accept all in view of yesterday’s Ann’s
    Last edited by vmp: Thursday, 08:41
 
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