If you are committed shareholder who believes then there is a massive difference between buying on market and taking up the rights issue and it makes perfect sense.
Buying on market gets you more shares and that’s all.
Taking up rights issue injects additional capital into the company getting them closer to full funding, and you get more shares.
If you want WKT to get busy with mine construction it’s a simple decision to take up the rights issue.
The 1-2c difference between on market or rights issue is small change if you consider where the WKT SP could be if they complete funding.
It is irrelevant what you think, it’s only relevant what those who believe in the company think.
The more of the rights issue that is taken up allows the project to be further de risked and the more likely stage 3 raise is successful.
The obvious games with the SP only spook the unsure or possibly new onlookers. It will not shake the rusted on WKT supported. If you think them all mad so be it.
Time will tell.
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $83.90M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 12.5¢ | $10.71K | 83.23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 69810 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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13.0¢ | 43105 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 69810 | 0.125 |
4 | 241071 | 0.120 |
4 | 195216 | 0.115 |
4 | 519818 | 0.110 |
7 | 319976 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 35329 | 1 |
0.135 | 420959 | 7 |
0.140 | 312924 | 2 |
0.145 | 108000 | 2 |
0.150 | 107272 | 3 |
Last trade - 15.58pm 03/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
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Change
-0.005 ( 3.85 %) |
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Open | High | Low | Volume | ||
12.8¢ | 12.8¢ | 12.5¢ | 8651 | ||
Last updated 15.24pm 03/05/2024 ? |
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