WPI 0.00% 2.5¢ west peak iron limited

Ann: SHARE PLACEMENT, page-15

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  1. 12,115 Posts.
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    Srt is still the largest holding with 600 - 700k being invested.
    Wpi - 8.3m shares were issued as a remuneration. He was holding 1m before June 2014 so I don't know what price he has paid for that... bought 12m in a share placement at 1c paid 120k plus bought 2.7m may be in the shortfall?
    So total investment so far is around 250k approx... another 100k will take him close to 350k which is the second largest...

    If WPI will have the same EV which SRT has for almost 6 weeks and so, wpi will trade at 4c plus... however, I personally think SRT might have a better EV close to acquisition which will add more value to WPI... and If SRT makes a good acquisition that will add further value to WPI...

    All speculation really but for time being I expect 2.5c as a base and may be 3c a likely outcome...

    Cheers
 
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