XEC 0.25% 2,344.9 s&p/asx emerging companies index

The ASX Casino - Weekly Shell List, page-3417

  1. 11,051 Posts.
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    WFE....setting foot in the threads there is sure to get you bitten and spat at
    it passes muster as a shell, now its Lomero project appears doomed.
    though the haters will disagree, its showing the classic signs of a dog being regroomed....
    a small capital raise with poor take up, allowing someone to gain a decent holding.....
    nearly 2 billion on issue...not great, but not unmanageable. The board have been looking for a project, but it seems they were lacking capital, hence the raise.
    at .001, its a tough one to buy/trade as no one is keen to make the jump to .002, though its starting from a 2M MC. Note, though, that large blocks have been going through as centrepoint trades(CXXT)
    next steps to watch for are:- * consolidation, possibly to bring the price to the magic 2 cent area..
      * register tidy up, of unmarketable parcels.WFE has over 2000 holders, but around 1700 holders have less than a market parcel
    * in what order these happen is anyones guess, and, whether its before a deal, or after, is also a guess, but i'd be watching for any corporate moves that happen in the near future
    .....definitely a casino spin, but despite its history, is leaving a breadcrumb trail.......and, its not for those who arent risk tolerant
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