WAK 2.00% 5.1¢ wa kaolin limited

Ann: Share Purchase Plan Results, page-10

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  1. 436 Posts.
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    Hi Pioupiou. I recently started following WAK. I've read a bunch of your posts. Seems like you are a long term investor/sufferer.

    It looks to me like WAK is waiting for the classifier bolt-on to arrive at the end of the month. There already is a plant producing "sub-spec" kaolin, which the offtaker partner STANCO doesn't like.

    So then, it seems, WAK bolts on the classifier, and away we go?

    Also, I also see the management buying in not as a bad sign. Sure, they acquired "cheap" shares, but the same offer was put to the public (which didn't take it on). Surely the managers (and founding owners at that) investing more money into this is a good sign? What's not to like?
 
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