AB just needs to promote this for a few months.
There’s still $7 odd million to fund the current drilling
A broker already valued wa8 16-19c without the Sb mre
Wa8 needs to get to 20, minor dilution of 50m shares, and can then raise $10m hopefully for a premium
Southern cross did a $16m raise at a premium in Nov 2022, their next raise $5.10 for $162m just couple weeks ago
Wa8 now in the next leg valuation-wise, the sp will reflect that once the seeming capping is done
If this gets to 30, option holders will start converting to monetise as usually there’s not much liquidity to exit huge positions, that’s another $9m. $7 +$10+$9m will go a long way, BS would just be a bonus
WA8 Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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