WMG spent around 3.5 mil the last 4 quarters on exploration in a 12-month drilling program and continuing. With 3 mil in the kitty and around 20 mil options at an exercise price of 30 cents, if the re-rate happens and with a frugal management, the next raise may be at least 9 months away.
But first, I am expecting 2 announcements next week.
Ann: September 2023 Quarterly Activities & Cash Flow Reports, page-33
Add WMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.0¢ |
Change
-0.020(6.90%) |
Mkt cap ! $21.84M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 27.0¢ | $26.51K | 93.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22000 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 25000 | 2 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| WMG (ASX) Chart |