I agree. If the cap raise was to cover a blowout on the mine development (see JRV's gross mismanagement) then I'd be concerned, but Richard has always run a tight ship and it's unlikely that would happen. Raising $120m to convert to owner-operator with financial benefits accruing over the years that now cost a small dilution at your all time high share price is actually a smart move. Yes shareholders in short term take a hit but those with a long term view of WAF should on balance be satisfied with the strategy.
Ann: Trading Halt, page-37
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Last
$1.25 |
Change
-0.420(25.2%) |
Mkt cap ! $1.417B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.18 | $6.055M | 4.821M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 188 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 51410 | 2 |
View Market Depth
| Last trade - 10.39am 07/10/2024 (20 minute delay) ? |
| WAF (ASX) Chart |