My thoughts-
1. The CR was imminent as WBT only had enough funds to last till March/ April 2019. Any sensible management would avoid waiting till last minute to raise fund.
2. The race was not CR vs SP but CR vs Cooperation Agreement. I was hoping for early agreement that would get some cash into the company so that CR could be avoided but looking at this announcement it is clear that the agreement won't happen to late this year and not much initial funds is excepted out of the agreement.
3. Personally I expect the SP to hit low 3c so SPP at 3.5c would be hit/miss
PS: I am a longterm holder since the listing so have seen 1.4c bottom and 8.8c high. If you are in for long term then 2021 would be the year you would be looking forward to.
Cheers
My thoughts- 1. The CR was imminent as WBT only had enough funds...
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Last
$3.19 |
Change
-0.100(3.04%) |
Mkt cap ! $353.2M | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.45 | $3.18 | $4.002M | 1.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19867 | $3.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 4150 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |
