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22/08/16

14:00

Post #: 18583776
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Originally posted by chris1983 ↑

Haha man. Had a great base there at 10 cents and was looking to push higher. Wait a day or two and he can offload his millions into 13-14

Anyway my initial targets are somewhat closer to 25-30 cents. I feel at 25 cents that's much closer to fair value.

681 million shares on issue..

10 cents is 68 million market cap. Not sure how many options we got left now will look into it later.

14.4 million in the bank due to the placement plus exercise of options. Add on cash in the bank of 4.6 million.

Take out a million due to ongoing costs from the recent quarterly. They gotta have 18 million.

Cost of buying the other challenger 50% was 9 million bucks plus 25 million options exerciseable at 11 cents. That exercise price is a deadset giveaway if you needed one.

So we should have a remainder 9 million at bank.

Very good position atm. Won't take much to push her substantially higher.

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Yep. Just checked the options. About 70 million havnt been excercised which means total share of around 750 mil excluding the ones vesting later on (about 20 mil shares). So 75 mil market cap at 0.10 with 10 mil in bank and around 30 mil free cash flow next 2 years. That means cash alone would be 70 mil by end of fy18.

WPG Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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