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GunnerGecks

245 Posts.

117

26/03/19

11:52

Post #: 37885030
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Originally posted by dante: ↑

My take on it is:

1) They want to raise funds for fast expansion
2) The company do not want to issue shares at the normal vwap less discount mode as they feel that the company is worth much more than that.
3) They are not interested in taking the first price offered and want the best price

All IMO we will see what sort of management we have when the announcement comes out. Will they sell us short or will they get us a good deal.

There are a couple of Brokers who I don't want to see in the mix.

Expand

Yeah I tend to agree with you Dante. Think they will try to get as little dilution as possible going the book building process as they anticipate there will be significant demand (significantly oversubscribed).

Intetesting to see the result on Thursday!

WZR Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.8¢		Change 0.000(0.00%)		Mkt cap ! $41.41M

Open	High	Low	Value	Volume
2.8¢	2.9¢	2.8¢	$33.88K	1.207M

Buyers (Bids)

No.	Vol.	Price($)
4	883635	2.7¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	527198	3

View Market Depth

No.	Vol.	Price($)
4	750032	0.028
2	275337	0.027
1	100000	0.026
2	113413	0.025
1	40000	0.024

Price($)	Vol.	No.
0.029	399859	2
0.030	2464893	5
0.031	300000	1
0.033	3257	1
0.034	267613	2

Last trade - 16.10pm 21/11/2024 (20 minute delay)

WZR (ASX) Chart