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2.5¢ west peak iron limited

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TheGladiator

8,601 Posts.

102

05/01/16

20:31

Post #: 16734454
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Originally posted by multiplier ↑

Totally agree with you that they will have access to many deep pockets. But the non-director component of the ann was about "placement authority" and a "proposal" to issue more shares, rather than locked in plans to issue to a confirmed party. I think they were winging it and wanted to lock in the opportunity for a 2c issue price for themselves and had not yet found the right investor/s (mates) yet. Access to sophisticated investors is one thing, but finding the right sophs with the right qualities (eg patience, trust, cash ready now, timeframes ok) for a high value shell play is another thing. Just my opinion on one possibility, doesn't mean my hunch is right.

If i wasn't so bdeep in shells already right now, if call them tomorrow and ask for a piece of the pie.

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Big chance it's going to existing holders. Let's get an updated top 20 after the 3b is released and will see who has topped up.

WPI Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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