Ive been looking at WAC for a while and know that if they announce anything good for its Quinns prospect, this share will open up >80% and probably finish in the 40s if not alot higher depending how good the results are....(DRM/SMR are egs)
However if the results are poor (PNX/AVB etc etc etc) this could finish mid teens and go nowhere for a while. The lack of liquidity will be a killer for anyone trying to get out.
Looks like its a waiting game. I hope the results are good for current holders, you deserve it for taking on the risk !
Cheers
WAC Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held