2.0c low today is the full 62% fibonacci retracement from the low a month ago around 0.8-0.9c to the 3.9c run.
Everyone who bought last week on the pump would rather be buying today at or below the CR, but that's trading for you.
Longer term W2V could be cashflow positive in 12 months or more, and with big investors willing to put in at this price, says a lot regarding current value and future potential.
Price still needs to close this morning's gap to 2.6-2.7c, but might take till CR is over until this happens.
Anything under the CR price of 2.2c would seem a safe bet, as the majority of the placement is already locked in with the second tranche needing shareholder approval which I would see as quite likely.
W2V Price at posting:
2.0¢ Sentiment: None Disclosure: Held
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.
(20min delay)