it was a no brainer ! WIN WIN Great deal for WCE $3m market cap asset acquistion $1.5-2m uplift huge $40-50m (ASX has higher value for such assets) Great deal for UFO - gets massive upside - got cash $1m or so plus project stake FREE CARRY and 10% or shares now valued at $15-20m (why is that a no good deal for UFO)
Alternative would be stock would be low 0.08p (ie was not getting valued - exploration asset in West Aus, but stock listed in London not getting traction) They raised $2m on back of deal Stock price traded up to 0.11p and now around 0.095p (investors are up 20-25%)
AIM is a bit slow to realise value but eventually and exist or cash out will re-rate UFO X times
plus has Fe asset and PGM asset not valued much now but any deal this stock will re -rate
WCE Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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