so reading the quarterly we are 100% going to have a cap raise, for at least some of the funds required.
my guess would be 16c for the amount the CBRD deems neccessary.
lets be honest, the fact management let the coffers get so low, without having an understanding or triple checking the requirements would be met, and now with a EY valuation multiples higher, reduced requirements, and we still cant get a SBLC without it basically being cash backed anyway is a bit amateur hour.
its cost us time and will cost us dilution, and the debt funding which we all celebrated will end up being a cap raise with dilution for the bulk of it anyway.
Will it stop the project - no. is it a cock up? it sure is.
the downies arent wrong on that front.
If we had of known what we were doing we could have raised when markets were hot and SP was north of 26c instead of 40% lower.
20% dilution incoming, which i thought the whole point of this debt funding was to avoid.
lesson for new players, dont get down to your last 2 mill in construction phase before you double check your main funding mechanism actually works and will be available.
- Forums
- ASX - By Stock
- WKT
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-139
- There are more pages in this discussion • 519 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WKT (ASX) to my watchlist
|
|||||
Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.55M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 12.0¢ | $49.1K | 409.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 227652 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 28364 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 227652 | 0.115 |
9 | 357608 | 0.110 |
7 | 319976 | 0.105 |
6 | 302922 | 0.100 |
2 | 120000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 28364 | 1 |
0.125 | 211195 | 6 |
0.130 | 281866 | 6 |
0.135 | 670959 | 9 |
0.140 | 357000 | 4 |
Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
Last
12.0¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
12.3¢ | 12.5¢ | 12.0¢ | 124635 | ||
Last updated 15.46pm 16/05/2024 ? |
Featured News
WKT (ASX) Chart |