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20.5¢ wiluna mining corporation limited.

Never fall in love with a stock. You don’t have to recoup your...

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SuchisLife

3,666 Posts.

68

17/01/18

11:42

Post #: 30368948
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Originally posted by Tonkin ↑

If I take up part of the offer I average down to like 20c a share if I take all the offer up I average down to 15c a share. Either way would take considerable cash. The price per share is worked on the twelve months to include exercising options.
I can't for the life of me see the share price of Blk reaching these levels even if they are debt free selling 80k oz gold annually with the billions of shares they will have on the market.
If I do nothing I need 55c to get out and that is not going to happen the company would have a market cap north of $600m.
The Board has recognised a benchmark share price of 8c by January next year given that's the options exercise price. On that basis none of the above options work to save my butt.
Thoughts from holders please!
And then there's the dodgy reporting the company has been putting out this year

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Never fall in love with a stock.
You don’t have to recoup your current losses on this stock.
Though if you must I’m sure you will get them a lot cheaper than 4 cents very soon.

BLK Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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