I'm not in disagreement with you here.
It was almost as if it was a nervous sweetener to absolutely make sure they could bed down the full raise. Also, Evo Cap involvement was a red flag. Meh, again, I care less about the minutiae of these deals and restate that this will be a footnote in the history of the business - once they are an operating entity generating cash. Let the flippers have their fun. Conversion will also help bolster cash.
There are quite a few disgruntled holders upset at the instos and 708s getting in cheaply. Everyone had a chance to reduce their price risk as much as possible and buy the ridiculous bargains on the offer from 5-6c upwards. I built my entire position sub-20c by buying monthly tranches over an extended period. Anyone stranded at a significantly higher av price only has themselves to blame. Own it. Sorry if that sounds harsh, but it is the truth.
Rather than cherry-pick like those with a proclivity to constantly complain, I slept soundly last night knowing that an A$100m capped company (with no balance sheet) has just raised A$265m with 92.5% via debt. And is about to transition from a developer to a producer in a little over 12 months. And I am here for that transition. I want a "Wenty Special" and absolutely believe I can 10x my money here (as a minimum). I don't care what others do for pips. Each to their own.
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Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.46M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.5¢ | $29.91K | 825.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 77732 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 170421 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 77732 | 0.035 |
3 | 318409 | 0.033 |
3 | 1343780 | 0.032 |
1 | 5000 | 0.031 |
4 | 333300 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 170421 | 3 |
0.038 | 721845 | 3 |
0.039 | 640000 | 2 |
0.040 | 451062 | 2 |
0.041 | 377200 | 2 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
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