WSI - 152 million 0.023 cent shares hit the market today. But some food for thought:
Corporate advisor was only paid 3 cent options for the raise. No free shares, no cash. So the advisor has to come up with ~$900,000 to first exercise the options into shares. Then profit only available above a 3 cent share price. (ASX ann 10/11/2021).
Coming out of COVID, WSI posted this as the share price was around 2 cents - (excited by working on a $100m tender book)
Since this announcement, WSI has bagged $150 million FMG project with others (Lynas etc).
It now has contracted revenue of $220 million.
The current tender book (working on) is $600 million.
Pip share price - hence the day thread mention.
Um, a well deserved rerate should be coming - if only to keep the corporate advisor happy!!!
Above is not financial advice and my opinion only.
