Australia's largest stock trading and investment forum Australia's #1 stock forum

WPG wpg resources ltd

0.00%

1.5¢

Ann: Update on Deed of Company Arrangement., page-6

First 6 Last

Share
Profile

Follow
Matricks

354 Posts.

156

23/07/19

11:03

Post #: 39646147
Share

Originally posted by Chrometophobia: ↑

Hi NZ, I’m as sure as I can be that there are no gold assets left and there’s definitely no Challenger, Tarcoola or Tunkillia as these were sold off by the receivers to pay Byrnecut. Effectively what is left is a listed shell. Sure, assets will be brought in but that will likely mean more dilution.

If, as I believe, that the 12.5m will be given to us shareholders pro-rata and we use the $0.02 price, you get $0.25m vs a market cap of $13.6m on the last day of trade. That gets you to around 2% or 50 times dilution.

happy to be corrected.

Expand

Thanks Guys. Mostly I've seen shells valued at $1M. $0.25m is a nice pickup for someone, hope its not that cheap. Cheers M

WPG Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASE

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Most investors will get this earnings season wrong. Will you?

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Update on Deed of Company Arrangement., page-6

Top Stories

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Most investors will get this earnings season wrong. Will you?

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Featured News