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3.13%

6.6¢ warriedar resources limited

One thing I'm sure of is they will have no problem raising...

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Joelstar

4,132 Posts.

2796

21/07/24

09:30

Post #: 74844420
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Originally posted by Onceover: ↑

The Quarterly Cashflow Statement will be interesting.

I could be wrong, but I calculate they should have about $2.8M left from last Quarter's $4.8M, having spent another $2M on RC drilling and general costs, plus a further $1M on the diamond drilling plus assays, but then added the additional $1.5M from the second tranche of the last raising, which post-dated the last Quarterly figures.

If they are going to recommence a fairly aggressive diamond drilling programme in H2, with a focus on the high-grade zone at M1, then they will need to raise more cash for this. The question then is, how much and at what price.

The market has a nasty habit of selling a stock down when it is 'come' a capital raising. But you'd have to think the next one would be well above the previous raising at 3.8c.

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One thing I'm sure of is they will have no problem raising capital. I have heard that there are multiple funds interested in taking a positions in WA8. The HNWI group of which there are 350 members will also be taking a fair chunk of WA8 shares. Let's hope retail get the opportunity to contribute with an SPP this time.

@Bullish786
Fulling expecting a CR to happen some time this quarter, especially with the recently announced extended DD program.

WA8 Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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Last 6.6¢		Change 0.002(3.13%)		Mkt cap ! $50.36M

Open	High	Low	Value	Volume
6.4¢	6.9¢	6.3¢	$264.1K	4.018M

Buyers (Bids)

No.	Vol.	Price($)
2	68920	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	48968	1

View Market Depth

No.	Vol.	Price($)
2	68920	0.065
2	160000	0.063
2	400000	0.062
3	333934	0.061
1	50000	0.060

Price($)	Vol.	No.
0.067	48968	1
0.069	270871	1
0.070	342000	2
0.071	200000	1
0.072	77500	1

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