Australia's largest stock trading and investment forum Australia's #1 stock forum

WPI west peak iron limited

0.00%

2.5¢

Assuming all resolutions passed at AGM: 264M fpo ~$1.5M cash...

First 8 Last

Share
Profile

Follow
Anton Chigurh

13,097 Posts.

236

24/09/15

13:55

Post #: 16052265
Share

Originally posted by heraclitus ↑

I don't hold yet but THIS is a perfect example of a competent mgmt team raising capital at progressively higher prices, so as to minimise dilution to shareholders. They could have easily done a low-ball placement (like so many other nanocaps) at 1c and had 300-400M fpo on issue now, but instead have got the sp up and placed shares, more or less, at-market. Mgmt continue to increase their holdings.

The soon to be registered WPIO series is also pretty exciting in terms of offering a highly leveraged play. It does remind of VTX/VTXO.

I suppose the only argument could be, why not wait till an Acq is made before raising any more capital, however, given the low cash reserves, mgmt participation, at-market CR price and still low # shares on issue, I think they can be forgiven.

Expand

Assuming all resolutions passed at AGM:

264M fpo
~$1.5M cash (200k+998k+300k)
EV of ~$3.8M @ 2c

Fully diluted for WPIO, add an extra 64M fpo and $3.2M cash, if exercised.

WPI Price at posting: 2.3¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASE

Astute delivers high-grade lithium hits at Red Mountain

Most investors will get this earnings season wrong. Will you?

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Assuming all resolutions passed at AGM: 264M fpo ~$1.5M cash...

Top Stories

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Astute delivers high-grade lithium hits at Red Mountain

Most investors will get this earnings season wrong. Will you?

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News