Well I only just got in today so maybe I'm not experienced enough to make a comment. However I did brief research and was surprised that WRK only had 74 million shares on issue. $5 mill in the bank which should last a short time, but enough to do some more drilling which they are in the process of doing.
Don't know if AGO would want WRK just yet. Maybe an opportunity at such a low price, but I think AGO can afford to wait.
Interesting as to why they did the cap raising, as like you pointed out, they don't really need it.
When AGO opens Monday or Tuesday, WRK SHOULD(fingers crossed) get another run on the I/O sentiment.
I still think there is something more to this. Time will tell. I like their prospective areas they hold...
moving up, page-9
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.19M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 114285 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 445912 | 3 |
View Market Depth
| Last trade - 09.48am 09/09/2024 (20 minute delay) ? |
| WRK (ASX) Chart |
Day chart unavailable