WCN white cliff minerals limited

Hello. If you are a rookie, you should learn to make a habit of...

  1. 7,117 Posts.
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    Hello. If you are a rookie, you should learn to make a habit of reading whatever daily announcements are made for a company. Today, WCN made the announcement at this link: https://announcements.asx.com.au/asxpdf/20250527/pdf/06k4lpq89nb3by.pdf , which says 76,923,077 will be issued today at 2.6 cents each. Based on today's volume of trading. I have my doubts the shares have been issued but they will certainly be issued & allocated by tomorrow.

    Also, 307,692,321 new shares at 2.6 cents were issued last Friday. here: https://announcements.asx.com.au/asxpdf/20250523/pdf/06k14jsm3ttqrm.pdf

    Such events usually cause some selling by these new shareholders, who are seeking short term profits.

    In fact, often they will sell at a loss if they cannot quickly recoup their expenditure. .




    Last edited by GKeden: 27/05/25
 
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(20min delay)
Last
2.4¢
Change
0.002(9.09%)
Mkt cap ! $57.92M
Open High Low Value Volume
2.2¢ 2.4¢ 2.1¢ $506.9K 22.12M

Buyers (Bids)

No. Vol. Price($)
19 3758068 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 2248138 7
View Market Depth
Last trade - 16.10pm 25/06/2025 (20 minute delay) ?
WCN (ASX) Chart
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