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.
I agree. If the cap raise was to cover a blowout on the mine...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WAF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.43 |
Change
0.015(1.06%) |
Mkt cap ! $1.626B | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.44 | $1.40 | $5.273M | 3.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 183189 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 229702 | 7 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| WAF (ASX) Chart |