W2V is way too undervalued and that makes it attractive. CF+ could come by end of'25 or mid '26, but it is important they will get there. MC at 7.5m when "AR" alone are already $4.5m and increasing. That values W2V's EV just at $3m, not sure if that is the most undervalued income generating stock on the ASX but definitely one of those.
$2.6m CN thrown at them is the bridge that was needed. It all depends on management and the providers to make the best out of that, either paying back or shares. I guess $ will be converted to shares. Dilution yes, but it increases the holding of the top 10 and that shouldn't cause any selling pressure as the normal "CN-Sharks" would create.
At this stage all looks great, let's hope it continues that way.
GLTA
W2V Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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