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.
WMG spent around 3.5 mil the last 4 quarters on exploration in a...
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.03M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 26.0¢ | $12.48K | 48.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 11196 | 1 |
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| Last trade - 12.00pm 25/07/2024 (20 minute delay) ? |
| WMG (ASX) Chart |