The question herc is why only raise enough for two quarters when...

First 4 Last

Share
Profile

Follow
TheGladiator

8,721 Posts.

286

22/07/15

23:16

Post #: 15678096
Share

Originally posted by heraclitus ↑

I think the difference with WPI is that they actually disclose with clarity what the outstanding amounts are and who they're to. Unlike DUO, mgmt also have their own money invested in the shell. So I doubt we'll see escalating debts to mystery creditors, qtr on qtr.

The cash position is about what i would have expected. Just a touch lower maybe.

Opening balance of $27k + $998k - $550k - $150k admin.

They could have raised more funds in the last placement and treated themselves to more 1c shares, so one would hope they plan to raise the majority of acquisition funds at a higher price, causing less dilution. Otherwise, it makes no sense to have only raised enough to get through for another qtr, maybe two.

I guess we can basically call the ev the mc now, so $4M @ 2c. Might need a rest for a while, unless there's something lined-up already.

Expand

The question herc is why only raise enough for two quarters when there is no news flow to increase the sp? The only reason it's gone up is because of management's previous performance with recently only being vtx. Not sure what to make of it to be honest.

WPI Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASE

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

The question herc is why only raise enough for two quarters when...

Top Stories

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News