WPG 0.00% 1.5¢ wpg resources ltd

What WPG needs to do

  1. 1,591 Posts.
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    Sold a chunk today to prevent insomnia.

    WPG's says it needs a capital raising to continue as a *going concern* while the share price is low, of course it will drop. In fact that's why it dropped from 7.4c few months ago.

    One solution to get out of this death spiral is for WPG needs to tighten its belts and make one, preferably two, cash-flow positive quarters. The share price will rise and then it can do another raise.

    Sorry WPG management, sometimes we lemming investors need a confidence boost or two.
    Last edited by meric: 02/10/17
 
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Currently unlisted public company.

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