I am a relative newbie to this. Can someone explain why the current sp is almost 80c?? I owe some and I am not sure if I should sell now or take part in the capital raising.
Placement price 55c plus 1 right at 45c = 50c per share for the new investors.
For existing holders, if we take up our full entitlement, we get essentially a 5c discount to the new investors for each new share (50c minus 45c) so I supposed if some investors then decide to sell, the sp would be somewhere between 45 and 50c.
So why the current premium of almost 30c for each share?
WCL Price at posting:
59.8¢ Sentiment: None Disclosure: Held
