Where did you get 30 x from have you forgotten about the 23-1...

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Tailssoxy

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15/10/18

14:44

Post #: 36127197
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Originally posted by prawn_man: ↑

Amigos, all good things come to those who wait. And to prove it, let's consider the following facts and baseline projections,

1) WKT's share price started to increase in July 2016 from a monthly average of 0.46 cents. And since then, believe it or not, the share price has risen at a reasonably linear rate to a monthly average of 13.48 cents in July 2018. (Roughly speaking a 30 x increase in 2 years). But since the announcement of the capital raising, it has fallen to 11 cents (today's price).
2) We don't know what the price of the offer of new shares will be, because it is based on the VAWP (weighted average share price) for the 5 days before 2nd Nov (and applications close several days before that issue date). I believe that pump-and-dump and rinse-and-repeat are alive and kicking, so there we will be in a period of share price volatility for a while, which will keep us all on our toes (maybe until December or so). And by that stage we should have returned to the average rate of growth in the shareprice.
3) This return to the average monthly growth will result in an increase in share price from 11 cents today to at least 14 cents in say December. That is, we can expect to see an increase of at least 25 % in share price within the next 2 months.

And I haven't taken into account any good news from the projects. So, just on this baseline calculation, if you are prepared to stick around for a while, you should be rewarded. Alternatively, chase some other rainbow or give it to the bank to hold in a term deposit and get about 0.4 % return in those 2 months. Happy times, amigos..

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Where did you get 30 x from have you forgotten about the 23-1 consolidation
Share price has only just doubled

WKT Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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Last 9.5¢		Change 0.000(0.00%)		Mkt cap ! $63.76M

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