WCN

6.25%

1.7¢ white cliff minerals limited

cheers baukaw for your post, we have needed some reviving here...

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CJTJ

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15/11/23

16:00

Post #: 70919466
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Originally posted by baukaw: ↑

I have done some work here on WCN and noticing some large accumulation going on
Very impressed with the acquisition of a significant Copper Project (61 Mineral Claims covering approx. 805sqkm’s) in the Nunavut Province in Canada.
no upfront costs or dilution (there was a small introduction fee) and the historical grades across some of the Project areas -
Commenting on the transaction, White Cliff Chairman,Roderick McIllree said:
“Thisproject is exceptional, just like all great discoveries it has a deep historythat in this case can be
tracedback to the early 1700’s. Managing to secure, at very little cost, 100% tenurewith no royalty
overa such a massive, mineralised trend analogous in scale, geology and evolutionto the entire Mt Isa
&Keweenaw Peninsula copper provinces is a remarkable result for shareholders.
This acquisition is a direct result of Rod’s appointment to the Board of WCN and leverages the network he has built working in the region for more than 15 years... His success with other companies gives Rod some very good credibility
I think we can see the potential for significant value generated for shareholders within this parcel of Projects;
This is not the last Acquisition in the Region that WCN will pursue; and
WCN will likely exit further Australian projects and sell listed shares to boost working capital

So I don't EXPECT WCN TO RAISE FURTHER EQUITY CAPITAL IN THE NEAR TERM
The stock has is being accumulated here at $0.012, and has a small market cap of $15m with $3.8m in cash and liquid assets..so a very cheap EV of $11m

Rod has 105m Performance Shares Vesting equally at market capitalisations of WCN of $35m,$70m and $100m respectively.... that's a significant uplift from current value

I think WCN trades much higherfrom here....CPS have done some great deals of late....I am hearing some smart money is getting set in this one
This is a sleeper about to become noticed very soon!

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cheers baukaw for your post,

we have needed some reviving here for a while now...

let's hope it starts the push up very soon....I heard similar to what you have...
WCN Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Last 1.7¢		Change 0.001(6.25%)		Mkt cap ! $27.69M

Open	High	Low	Value	Volume
1.6¢	1.7¢	1.6¢	$24.17K	1.484M

Buyers (Bids)

No.	Vol.	Price($)
6	3380832	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	709677	4

View Market Depth

No.	Vol.	Price($)
6	3380832	0.015
18	6524268	0.014
10	2634614	0.013
10	1458220	0.012
3	276500	0.011

Price($)	Vol.	No.
0.017	709677	4
0.018	6020789	18
0.019	2148888	5
0.020	1609176	10
0.021	1867261	4

Last trade - 15.52pm 06/09/2024 (20 minute delay)

WCN (ASX) Chart

cheers baukaw for your post, we have needed some reviving here...

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

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As Nvidia cools, we're looking to Aussie AI

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

CBA breaks trading record on strong day for Aussie financials

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cheers baukaw for your post, we have needed some reviving here...

Top Stories

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Shekel Brainweigh investor presentation webinar – the future of retail automation

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

As Nvidia cools, we're looking to Aussie AI

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

CBA breaks trading record on strong day for Aussie financials

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News