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WPI west peak iron limited

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2.5¢

Well done so far, FF. Looking good.

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Anton Chigurh

13,097 Posts.

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24/09/15

13:57

Post #: 16052293
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Originally posted by forrestfield ↑

So almost 64m new shares and 64m options with exercise price of 5c. Three directors will buy 15m shares raising 300k which is 25% of the total capital raised. Cicero Advisory will act a manager...
1.22m will be added to the balance sheet as a result plus 280k existing cash... bringing it to 1.5m in total.
Market cap will be 5.3m at 2c with EV of 3.8m.

I guess it's going pretty nicely and heading in the right direction. 2c might act as a strong support and we might not see it again... I am expecting a new base around 2.5c from now onwards...

Cheers

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Well done so far, FF.

Looking good.

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

0 Great analysis

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Well done so far, FF. Looking good.

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