WMC
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0.00% 20.5¢ wiluna mining corporation limited.

Ann: $26M Capital Raising for Transition to 100000ozpa, page-3

  1. brianchu82
    1,053 Posts.
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    21/03/19
    09:55
    Post #: 37833991
    Right... a 5 for 4 rights issue at 1.5c. 1 option for every 3 shares issued at exercise price of 3c expiring in October 2020 (gee I hate these option issues that keep a lid on the stock price)!

    So, the stock price is unlikely to exceed 3c till end of Oct 2020, or market cap of less than $90m throughout this time.
    Last edited by brianchu82: 21/03/19
    BLK Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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