WBE
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9.09% 1.0¢ whitebark energy ltd

Ann: Capital Raise to accelerate commercialisation of Geothermal, page-3

  1. subumbra
    915 Posts.
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    14/06/24
    11:47
    Post #: 74314167
    Peak Asset Management is the investment company which bought a large parcel of shares in WBE so they do have skin in the game.

    But now WBE has to prove up a viable source of geothermal heat in one of their tenement holdings.

    With the Wizard/Rex 'sale' producing no capital inflow this has gone from a good punt to a somewhat more risky proposition.

    The share price had good support at the 1.3-1.4 level but I can see this falling now.
    Last edited by subumbra: 14/06/24
    WBE Price at posting: 1.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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