Would be great to see an offtake agreement with an EV manufacturer or similar. Remembering that our parent company (NMT) already has agreements with Mercedes Benz. I think this could set the grass on fire for us.
I agree that it's horrid to wait, but personally, I would rather see the SP increase slowly as macro conditions improve, before we need to do a capital raise. The more our shares are worth, the less they'll need to print/dilute us. One of my favourite aspects of WIN is the low dilution. I've watched other companies with very few shares explode like dynamite when things get going, and I know Widgie is headed the same way.
I'd hate for WIN to have to print millions more shares to fund the mining at this SP. Happier to wait for a higher price, less dilution, and keep our trajectory good. Our low SOI is the very reason this price fluctuates by huge percentages on good news (when the market isn't dead). I hate penny stocks - pour in tens of millions of dollars to see it move ~1c whilst the CEO is lining their pockets with the share printer *click click click*.
When Widgie volumes crack $5-10m, the price jumps 60%. That is delicious.
TLDR; Happy to wait for the SP to increase before we do a CR.
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Last
2.2¢ |
Change
-0.002(8.33%) |
Mkt cap ! $7.021M |
Open | High | Low | Value | Volume |
2.2¢ | 2.5¢ | 2.1¢ | $19.33K | 867.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38000 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 130000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 38000 | 0.022 |
7 | 817430 | 0.021 |
4 | 585000 | 0.020 |
1 | 166000 | 0.019 |
2 | 70000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 130000 | 1 |
0.025 | 467545 | 5 |
0.028 | 413872 | 3 |
0.030 | 33300 | 1 |
0.031 | 14200 | 1 |
Last trade - 14.59pm 12/07/2024 (20 minute delay) ? |
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WIN (ASX) Chart |