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04/06/25
00:07
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Originally posted by capriccioso:
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A realistic CR price baseline should be something above the price at the time WMC went into administration as that was the market value at the time. Since then, gold price has risen significantly and WMC has paid off some debt. As WMC is not going backwards and the future looks much brighter, any capital raise should be somewhat above 20c. Given a chance, I would participate in anything below 40c, Wouldn't the market in general?
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What was our MC at 20.5 cents when we went into admin? Explorers would have a larger MC at the moment then WMC with no plant, no real resource and reserves and no underground development. A CR at anything less than 20 cents will be just handing out a free lunch.