Just seen your post. Glad FG helped out there. Excellent summary.
Yes my interest has been in WAS for a while and with the (whole) market action of late......my interest is even greater.
I have brought again (Monday & Tuesday) due to what I believe is it low present value and potential.
I believe Rum Jungle (RJ) will add significant value to WAS. It seems they have already sold 12 million shares in RJ at 12.5 cps.
Using the 12.5 cps ratio, it also seems WAS has sold there tenement to RJ for $6,100,000 worth of shares. (this includes 44 million shares at 12.5 cents & 6 cents value for the 10 million options excercisable at 25 cents)
Should any preferred WAS holder entitlement be announced it should bode very well for WAS holders.
And at present price of 3.7 (VWAP) seems very under-valued.
I think WAS provides a very good risk-reward profile at this stage given the entry price.
WAS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
