They also issued 64m options that can be exercised at $2.00 by 30 June 2019, which could potentially raise another $128m. With all the option etc there is potentially around 420m WGX shares by mid 2019. But I suspect that unless the gold price heads up higher say to AUD1750+ then the share price could struggle to breach $2 and they may not get the extra capital from those options.
I am looking on with interest and have owned WGX shares in the past for a trade.
loki
WGX Price at posting:
$1.61 Sentiment: None Disclosure: Not Held
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