Ann: WPG raises 7.2m in Placement, page-77

First 77 Last

Share
Profile

Follow
thomo43

29 Posts.

1

13/06/17

12:52

Post #: 25244364
Share

Originally posted by glendronach ↑

See below. I am shattered. The company needs to demonstrate its understanding of its WACC - weighted average cost of capital. Wayne is a CA so he should know all about that. I just had someone dump a whole lot of water in my whisky. I hate that. What a sheet start to the week. Far too conservative. They need to get that volume up thru the mill - over 900 - coupled with good grades if EPS - earnings per share is to recover and have any meaning.

"To be considered a sophisticated investor your accountant needs to certify that you:
• Have earned an income of $250,000 or more per annum for the last two years or
• Hold net assets of at least $2.5 million.

Sophisticated investors can access investment opportunities not generally available to retail investors. These can include pre-IPO capital offers, equity placements, private equity, property syndicates, hedge funds, and other unlisted securities.

To be considered a sophisticated investor, you need a Qualified Accountant’s Certificate (also called a Sophisticated and Wholesale Investor Certificate or Investor Certificate) signed by your accountant, verifying your assets and/or income. Certificates are valid for two years and you need to make your initial investment within six months of obtaining your certificate.

Further information on this can be found in Chapters 6D and 7 of the Corporations Act 2001."

Expand

Thank you......i need to sack my broker lol

WPG Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

PL3

Patagonia looks to raise $2.15M for South American exploration and development

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

There are more pages in this discussion • 86 more messages in this thread...

First 77 Last

Add WPG (ASX) to my watchlist

Ann: WPG raises 7.2m in Placement, page-77

Top Stories

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Patagonia looks to raise $2.15M for South American exploration and development

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Featured News