As you know, Management has indicated they are fully funded until production,
I am more interested if WKT will draw down on the additional US$4.0 from BMCG to provide the working capital, (which will increase the total convertible equity to US$8.9mil) or if they have faith in tapping the market again. The 10-month window for WKT to request the additional US$4 mil in funding is fast approaching.
The last CR to institutional investors IMO was a complete disaster that resulted in the company being suspended from the ASX and WKT was required to offer a ~40% discount to raise around $7mil out of the $20mil they were after.
As you know, Management has indicated they are fully funded...
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $70.48M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $22.63K | 214.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 272516 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 232598 | 1 |
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| Last trade - 13.11pm 30/09/2024 (20 minute delay) ? |
| WKT (ASX) Chart |