WC8

8.00%

27.0¢ wildcat resources limited

.Nice lil summary, thanks for posting...wouldnt be surprised if...

First 23 Last

Share
Profile

Follow
simondj

4,046 Posts.

201

09/11/23

14:00

Post #: 70810375
Share

Originally posted by vegemitecrumpet: ↑

Street Talk - Wildcat Resources launches $80m equity raise after MinRes’s arrival
West Australia’s Wildcat Resources was rounding up investors for an $80 million equity injection on Thursday morning, a little over a week after Chris Ellison’s Mineral Resources picked up a 19.85 per cent stake in the company.
The lithium play had its brokers, Canaccord Genuity and Euroz Hartleys, offering shares at 76¢ apiece. Term sheets sent to fund managers said Wildcat had room to accept another $20 million in oversubscriptions, which would take the total raise to $100 million.The offer price was an 11.1 per cent discount to the last close, or 8.6 per cent lower than the 10-day volume weighted average price. It was structured as a single-tranche placement.Prospective investors were told Wildcat would use the proceeds to further its Tabba Tabba and Bolt Cutter lithium projects, including drilling and exploration, resources development, business development, permitting and studies. The placement would also fund exploration at other projects, general working capital and offer costs.The company was capitalised at $890 million on the ASX before the raise, but was down to just $8.7 million in cash at end of September.
Wildcat’s shares were halted at market open, pending the raise. The brokers were calling for bids into the placement by 5pm Thursday (Sydney time) to return the stock to trading at Friday’s opening bell.It comes after Wildcat’s largest shareholder, Global Advanced Metals, sold its entire stake to MinRes for $158.7 million. MinRes chairman James McClements owns private equity firm, Resource Capital Funds, and RCF-controlled Global Advanced Metals.The company’s Tabba Tabba project – and the heightened activity in lithium M&A – has seen it swell from an ASX tiddler with just $19 million market capitalisation in May to nearly $900 million

Expand

.Nice lil summary, thanks for posting...wouldnt be surprised if it's oversubscribed....of course some more assays may help get that extra 20bricks up...lots of drilling can be done on 88bricks. ..be some flotation studies too I would imagine.

WC8 Price at posting: 85.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

The winners & losers on market if negative gearing were gone

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

The market's shrugged at China's stimulus measures all year. Why is this one different?

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

There are more pages in this discussion • 14 more messages in this thread...

First 23 Last

Add WC8 (ASX) to my watchlist

(20min delay)
Last 27.0¢		Change 0.020(8.00%)		Mkt cap ! $330.4M

Open	High	Low	Value	Volume
26.5¢	27.8¢	25.8¢	$1.655M	6.201M

Buyers (Bids)

No.	Vol.	Price($)
7	62536	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	23968	2

View Market Depth

No.	Vol.	Price($)
6	58136	0.270
3	96991	0.265
3	220201	0.260
5	102396	0.255
8	392549	0.250

Price($)	Vol.	No.
0.275	23968	2
0.280	300892	6
0.285	217689	7
0.290	278194	3
0.295	121111	2

Last trade - 16.10pm 27/09/2024 (20 minute delay)

WC8 (ASX) Chart

.Nice lil summary, thanks for posting...wouldnt be surprised if...

The winners & losers on market if negative gearing were gone

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACCC seeks Olam divestments before it can buy Namoi Cotton

KalGold rolls out detailed aeromagnetic survey across Pinjin project

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

The market's shrugged at China's stimulus measures all year. Why is this one different?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

.Nice lil summary, thanks for posting...wouldnt be surprised if...

Top Stories

The winners & losers on market if negative gearing were gone

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACCC seeks Olam divestments before it can buy Namoi Cotton

KalGold rolls out detailed aeromagnetic survey across Pinjin project

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

The market's shrugged at China's stimulus measures all year. Why is this one different?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News