WAF does not need plenty of cash. The market cap is about 150 million USD. The plant is similar. So about 50% dilution if 100% capital funded by raise equity. I am sure if they go that way, existing holder will be given a discounted place.
Fund may also raised so the whole package, including gold in ground, DFS, and money to build plant, can be sell to a developer. PIR was sold toB2G with plenty cash too, with a premium of course.
Either way, CR is not a bad thing.
WAF does not need plenty of cash. The market cap is about 150...
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Last
$1.81 |
Change
-0.020(1.09%) |
Mkt cap ! $2.062B | |||
| Open | High | Low | Value | Volume |
| $1.83 | $1.84 | $1.79 | $10.07M | 5.554M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 38447 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 86557 | 8 |
View Market Depth
| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| WAF (ASX) Chart |