There a good deals and good deals. This is closer to the Kerry Packer & Alan Bond end of the good deal range. It’s ridiculous for SH and it now sets a benchmark for the other remaining 80%. Like how do you get any long term growth with potentially 2 Billion options sitting there at 0.015? If it’s not options it’s equity so again a hit for SH. Who knows what IDC’s terms will be, but given recent form it would look like a chunk of equity to their BEE partners to secure the $.
I’ve never not thought it was a great resource but the BOD are a laughing stock who are only concerned with their own superannuation not your gains. How are they still there is the big question, most big Australian investors won’t go anywhere near WWI because of who sits on the pot. Why do you think they’re giving away the farm to the Texan for a meagre 20% of required funding.
WWI Price at posting:
1.4¢ Sentiment: Sell Disclosure: Not Held
