You would be absolutely ropable if you were a soph who poured...

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Catch2200

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01/02/22

17:32

Post #: 59280803
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Originally posted by wilef: ↑

Placement to Raise $2 million
The Company has received firm commitments from sophisticated and professional
investors to raise $2 million (before costs) through the issue of 11,764,706 fully paid
ordinary shares at an issue price of $0.17 per share (Placement). In addition, placees
will receive 1 free carried option for every 4 Placement shares allotted (Placement
Options), the Company will make application for the quotation of the Placement
Options and they will be issued on the same terms as those quoted options already
on issue. The existing quoted options are exercisable by payment of 37.62c on or
before 1 October 2022.
GTT Ventures Pty Ltd was appointed as Lead Manager for the Placement and assisted
with the Project acquisition. GTT Ventures Pty Ltd will be issued 2,000,000 Lead
Manager Options on the same terms as the Placement Options and receive brokerage
of 6% on Placement funds.
GWR may not know how to make money, but GTT certainly do.

But hard to see these "firm committments" followed through with... Especially when the share price is sitting at 14 cents

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You would be absolutely ropable if you were a soph who poured money in here at 17c only for the company to reveal two trading days later that they lost $8M in the quarter and are (apparently?!) selling their premium ore for a loss.

Between this and the late reveal that mining had recommenced (resulting in a please explain from the ASX even) management appear to be burning through trust at the same rate that they're burning through cash.

GWR Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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First 9 Last

(20min delay)
Last 9.1¢		Change 0.000(0.00%)		Mkt cap ! $29.23M

Open	High	Low	Value	Volume
9.1¢	9.1¢	9.1¢	$1.662K	18.26K

Buyers (Bids)

No.	Vol.	Price($)
1	11001	9.1¢

Sellers (Offers)

Price($)	Vol.	No.
9.5¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	11001	0.091
1	100000	0.088
1	100000	0.083
1	6098	0.082
1	14285	0.070

Price($)	Vol.	No.
0.095	100000	1
0.096	100000	1
0.097	88588	1
0.100	36242	2
0.105	25001	1

Last trade - 14.03pm 17/06/2024 (20 minute delay)

GWR (ASX) Chart

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