Convertible notes going as expected. They may affect the current price/past pricing, but have no effect on the company fundamentals and performance.
- BCMG will continue to convert shares when there is a large difference between their 20 day vwap discounted pricing and current pricing. They will then sell those shares for a profit at their given % of daily volume. Some days the buying demand will soak that up and price will go up, some days it will bring the price down. Last year there there was not enough demand and it kept prices dooown. This year there is better demand so far so prices have gone up.
- We have their money and building a mine. Equipment is starting to be shipped/arrive, and concrete is starting to go down.
- Offtake pricing due to be locked in soon and holders are expecting good news.
The convertible are just a means to an end. The means is their money, and the ends is a mine. Eventually BCMG will be out of the picture and Lindi will be in production. That is when WKT's true value will been seen.
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Last
9.9¢ |
Change
-0.001(1.00%) |
Mkt cap ! $66.45M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.9¢ | $39.97K | 400.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 130000 | 9.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 233006 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 130000 | 0.099 |
1 | 50000 | 0.098 |
3 | 146832 | 0.097 |
6 | 478512 | 0.096 |
8 | 784895 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 121174 | 4 |
0.110 | 1191213 | 6 |
0.115 | 338198 | 4 |
0.120 | 427177 | 3 |
0.125 | 139085 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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WKT (ASX) Chart |