WWI 0.00% 1.5¢ west wits mining limited

Ann: West Wits Completes $1,500,000 Capital Raising, page-11

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  1. 1,233 Posts.
    lightbulb Created with Sketch. 217
    Definitely tied together

    This high performer in a year when gold has exploded and it’s apparently 4 weeks from 60% of its finance. Man the market must be blind.

    Or can it see a cap raise in the future higher than its own market cap? Can it see todays rate and workout $40m the terms would be unbelievably low to any investor, blowing away the SP for years, and unbelievably high in terms of additional stock added to an already bloated SOI after 8 EQUITY RAISES SINCE JUST 2020. Yes 8

    https://hotcopper.com.au/data/attachments/6410/6410645-8afe2f2e82ec9f2ebf66a8bdc277a071.jpg
    https://hotcopper.com.au/data/attachments/6410/6410648-12bd9dc6721172521bc3fd890836a068.jpg
 
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