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2.27% 8.6¢ gwr group limited

a bit long - but worth a read : iron ore wrap, page-6

  1. gtsman_05
    3,311 Posts.
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    01/12/09
    23:05
    Post #: 5989687
    with the 15% dilution the share registry will increase to 164m shares. There are currently 28m $2 and $3 options on issue. Making a total of 192m.


    400MT @ $3 per tonne = $6.25 per share
    800MT @ $3 per tonne = $12.50 per share
    1BT @ $3 per tonne = $15.60 per share

    BOOM !!

    Who said a capital raising at 90c looks stupid when the current share price is 80c.
    GWR Price at posting: 79.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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