Hi Jezzy. I don't think $1.2m is a large sum. I wonder what kind of business they would 'acquire' with that when with SRT and WPI the aim was $2m.
Also, SRT had been looking for many months. WPI since mid last year. BLZ only announced this recently and still have leases to relinquish mining leases as MW seems to prefer to do beforehand. Note that some other shells do not until after the acquisition.
Of course I think that there will be an acquisition here but I just don't think it will be before WPI and also with the relatively 50% lower cash, perhaps either the quality of that business won't be as good as SRT or WPI unless there is another capital raising coming. They did a couple with SRT.
I would say that an acquisition here would be around July. Just a guess of course. We are all guessing.
Becoming a Matthew Walker Shell, page-63
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Mkt cap ! $3.142M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1628565 | 4 |
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