My last post might have read the wrong way to some here, when I was talking about the sp going backwards 3-6c. It was of my opinion, that the sp might go backwards 3-6 c, as it has happen at times in the past, when companies have a capital raising for re-finance.
At times when there is a CR at a company, the sp will retreat to the sp level of the CR. How much discount can shareholders expected for the CR? will it be 10% or 15% to current sp of WLF?
As a long term holder in WLF, I see this as a good time to increase my holdings of WLF. It could also be a good time for new buyers wanting in on WLF, as a lower sp could be more attractive to NEW INVESTORS OF WLF.
Will the sp go lower or not is anyone guess, but it is of my opinion, that the sp could retreat by around 3-6c.
Good luck to all that hold WLF
WLF Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
