There's no way they would go further into debt to fund the purchase. They are already in way too much - that's why it dropped to $3 a year or more ago. The purchase makes complete sense, they got it for a reasonable price, and they raised capital at the right time. If anything I think he should have raised extra to pay down some existing debt while the share price is artificially inflated by Dar. I don't think much of Andrew Wood and the way he's damaged the company in recent years, but at least he's got this one right.
There's no way they would go further into debt to fund the...
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Last
$14.93 |
Change
-0.300(1.97%) |
Mkt cap ! $7.876B | |||
| Open | High | Low | Value | Volume |
| $15.06 | $15.08 | $14.79 | $50.34M | 3.363M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6092 | $14.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.98 | 4999 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| WOR (ASX) Chart |