WKT 0.00% 9.6¢ walkabout resources ltd

Ann: Becoming a substantial holder, page-649

  1. 282 Posts.
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    why does there need to be a "boom boom? What do you call a "boom boom"?

    3 weeks ago on 26th Aug the price was pushed down to 20c. Yes the equity raise price.

    Since then the price has risen to 25c at today's close - a 25% increase in three weeks. What investor wouldn't like that sort of chart? Hopefully we continue to see steady growth as we get the shareholder vote and fully sign off our fund raising. Will that be seen as de-risking the project further and increase demand and the SP? Only time will tell.

    If we take Lorenzo's evaluation (nice work) we are looking at ~200% added from the credit raise price. If we take the more optimistic estimates of 75c we are looking at 275% added.As an investor I don't care if we get a "boom boom" to those sorts of prices or if it slowly grows to those numbers over the next year - I'm still tripling my investment in a year to 18months (with more to come as WKT continues to develop assets)
 
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