As are many others here I am contemplating if to participate in the Widgie placement.
I have been trying to find reasons for and against participating and am interested in some of your opinions.
Recently I was invested in two early Nickel plays: Talon Metals (TSX-V:TLO) and Auroch (ASC:AOU) Discl: I sold both. TLO with a sizeable gain Auroch with a small loss.
So I tried a small comparison:
1. Auroch has currently a market cap of around AUD 50m and and only a tiny resource so far (20.000 t Nickel @2%) and 3m in cash.
That comparison stacks well for Widgie with 8.000.000 t @1,5% and 25m in cash....
2. Talon has very similar resource with 156.000 contained Nickel tonnes. (Widgie 165.000) but a market cap of around AUD 350m (ca 40m cash)
This comparison leaves Widgie again looking cheap.
What am I missing? Any other peer comparisons that maybe fit better?
As of now I would have to take all the shares they offer me.
As are many others here I am contemplating if to participate in...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NMT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.6¢ |
Change
-0.002(2.04%) |
Mkt cap ! $59.79M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.0¢ | 9.3¢ | $144.7K | 1.514M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17905 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 217806 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| NMT (ASX) Chart |