Ok, I have a suspicion the BOD/management might have some plans.
Have a look at this.
Plus, it mentions that WIN doesn't have access to every mineral on their tenements, particularly gold, if I remember correctly.
They mentioned this the other day.
These are the entities surrounding WIN.
WIDGIE NICKEL LIMITED (ASX:WIN) - Ann: Non-renounceable Rights Issue to Raise up to $4m, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
My thoughts?
WIN might be looking for a JV partner or buying more mineral rights on their tenements, but it looks as though they might be working on a few options. Divestments could raise more cash without diluting holders again. Anyway, I'm not sure, but I'll be interested to see what comes of this.
Ok, I have a suspicion the BOD/management might have some...
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Last
3.6¢ |
Change
-0.003(7.69%) |
Mkt cap ! $10.72M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 4.0¢ | 3.5¢ | $54.79K | 1.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 66125 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 18181 | 1 |
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| Last trade - 15.40pm 06/05/2024 (20 minute delay) ? |
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Last
3.6¢ |
Change
-0.003 ( 5.26 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.0¢ | 3.5¢ | 260979 | ||
| Last updated 15.05pm 06/05/2024 ? | |||||
| WIN (ASX) Chart |