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WWI

7.14%

1.5¢ west wits mining limited

Ann: Trading Halt, page-114

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Sharetrader78

13,250 Posts.

1913

31/07/21

08:33

Post #: 54923804
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Originally posted by JustIntonation: ↑

I'm in another stock that used PAC Partners for a quick CR recently. Before the CR became general knowledge the SP tanked unexpectedly for no apparent reason. The SIs were offered an outrageous discount to the smashed WVAP. It appears the sophs all sold out for a handsome stag profit within days of their getting their hands on the shares (some may even have shorted) with the expected effect on the SP. The SP is still well below the CR price several months after the raise with all momentum gone. Overall the SP has fallen more than 50%. I expect the share will eventually recover but from a severely impaired base. I get why companies resort to raising like this but its nothing more or less than an assault on loyal holders no matter how much lipstick you slap on it.

GLTAH.

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Yes we have all seen it before ... I'm Gutted so naive to believe WWI was going to see a good size price appreciation before raising from DFS ... MQ stated he had many offers on the table but the fact was the interested parties didn't want to pay anywhere near fair value ..but a Hugely Discounted rate ... those in the know dumped ... yes we will need much more funds .. the report I read long ago when WWI was trying to secure funds and got Wingfield on board showed CAPEX around 30mill debt but that was using open pit free cash flow to help with higher underground CAPEX in year 2 .. these numbers may be very different now .. DFS will give us some real numbers ..

WWI Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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