Schwab on board... Austra, page-2

Great post cambler.

For someone like Schwab to publicly put his name to a junior miner there has to be merit in the assets. Its interesting that he has a number of assets in Indonesia so he obviously knows the “lay of the land” over there and I would imagine he has done his homework on the WMN assets.

Given that their listed options (WMNOA) expired June 30th and were fully underwritten, the company by my calculations would have somewhere in the order of $2.5 million in the bank which will be plenty to unlock a serious amount of value in the graphite assets and provide the market plenty of bang for it snuck.

Unlike a number of junior resource company’s that are chasing graphite assets with no money in the bank this is seeming more and more like the real deal to me.

With a great capital structure (only 79 million shares on issue and No options ) and guys like Schwab owning big chunks of it, this stock has some serious upside in my view.

DYOR