Australia's largest stock trading and investment forum Australia's #1 stock forum

WPI

Click for more information

0.00%

2.5¢ west peak iron limited

6.5c hey. That would put the oppies in the money. I wonder what...

First 81 Last

Share
Profile

Follow
Chasingnirvana

2,240 Posts.

1

15/01/16

20:29

Post #: 16806721
Share

Originally posted by Dr.Seuss ↑

Just had a peek at the Appendix 3Bs of both SRT and WPI. So did a few beer mat calcs.

WPI has 38% of the number of shares on issue that SRT has. Fully diluted, this number drops to 36%.

So on this basis, taking into the curent share prices of both companies, WPI at 3.5c is priced like SRT at 1.2c.

On that basis, unless the SRT acquisition is a fizzer and not the 20c play the Walker has said, I can only see significant upside from here. A couple of months ago, SRT ran up to 2.2c on hopeful expectation. I think WPI is at the same stage as SRT back then with the added potential of upside from SRT success.

So minimum comparative fair value is around an 85% gain to take it to an SRT 2.2c equivalent.

This results in WPI at 6.5c now with an assumed acquisition on the horizon of a couple of month away.

Of course there are other factors like a smaller free float here and also what SRT does for Walker's rep.

Lets see what unfolds.

Expand

6.5c hey. That would put the oppies in the money. I wonder what their fair value is now then ??? Anyone care to postulate?

WPI Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 8 more messages in this thread...

First 81 Last

Add WPI (ASX) to my watchlist