“Terra Firma is an investment firm with a 30-year track record of investing in transformational private equity, operational real estate and infrastructure plus.”
WNR has Only 200m shares on issue after yesterday’s placement @ 1.0c per share which is higher than SP 0.7c 30%, very positive sign.
”Wingara AG Limited (Wingara) announces it has entered into an exclusive agreement with Terra Firma Equity Limited (Terra Firma) to explore opportunities in the meat industry for specific businesses to be acquired by Terra Firma and then sold to Wingara via an equity funded transaction (Business Acquisitions) at a future date.”
Nature of the deal is Terra Firma to acquire a business in meat indusry VIA WNR! The business is big enough as hinted in the announcement.
Terra Firma is definitely not a small company it invested on hotels MacDonald related business, cattle raising business……https://www.terrafirma.com/
As placement just done @ 1.0c by Terra Firma, fair value of WNR should be 2.0c , with the acquisition going forward, we expect the SP could finally move to 7c-10c range.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.228M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| WNR (ASX) Chart |
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