WPG 0.00% 1.5¢ wpg resources ltd

I bought some more at this price, but didn't expect that it...

  1. 2,247 Posts.
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    I bought some more at this price, but didn't expect that it would go so fast towards the end of the day. The 3.8c buyer line got wiped and this will head further south tomorrow. The 1:8 entitlement issue is practically dead and buried and imo management needs to revisit the structure to see if it can be salvaged under revised provisions. A 1:7 ratio at 4.3 cents would raise virtually the same amount of money as the current offer if fully subscribed (albeit with greater dilution), but even that is now unlikely when you look at the current SP.
 
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Currently unlisted public company.

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