WCN white cliff minerals limited

4.55%

2.3¢

The line you highlight in your post refers to the second tranche...

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StevenFlow

273 Posts.

87

19/05/25

09:31

Post #: 79094972
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Originally posted by stevenjd: ↑

For those ignorant to the CFTF scheme.

The premium, is marketing spin. What it does do, is limit the dilution. Thats good.
BUT, the kicker is the block trade price. That is the price which it can be flipped for, what it costs the sophs and profs.

Essentially, Its a placement at 26c, disguised as a premium at 40.3c with the canadian tax payers etc, taking a loss on the difference.
And the flow through component has an obligation to be spent within the 12 month cycle.
I observed this on WR1, a canadian lithium exploration stock over the last few years, who raised multiple times with this flow through scheme, and the block trade is where it all typically washed through as per normal placement market dynamics.

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The line you highlight in your post refers to the second tranche of 77 million shares raised at a 10% discount - which was 0.026.

First tranche - $12.4 million raised at 0.0403 a share.

Second tranche - $2 million raised at 0.026 a share.

WCN Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $55.50M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.2¢	$108.2K	4.706M

Buyers (Bids)

No.	Vol.	Price($)
7	913899	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	222500	1

View Market Depth

No.	Vol.	Price($)
6	873899	0.022
17	4389008	0.021
33	5568537	0.020
11	4068122	0.019
8	5575555	0.018

Price($)	Vol.	No.
0.023	222500	1
0.024	5023680	7
0.025	1769969	6
0.026	1524009	4
0.027	3070149	7

Last trade - 16.10pm 27/06/2025 (20 minute delay)

WCN (ASX) Chart

The line you highlight in your post refers to the second tranche...

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The line you highlight in your post refers to the second tranche...

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