Angry You complain about lack of advice from the company but you claim that you have advice of no placement. Interesting.
It is clear that the only way to encourage the Americans to buy WCU shares is to place a number of cheap shares to them via the proposed TSX listing.
The Americans can buy shares on the ASX today if they choose but they choose not to. Placement is a certainty and in the near future I recon. On top of all that the Company does not need shareholder approval for up to 15% of issues cap. placement.
Lets watch and see. But the only way TSX listing will work is with a placement. And if it happens it will be at 20 cents probably with a free attached option.
WCU Price at posting:
26.0¢ Sentiment: None Disclosure: Held