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11.5¢ weststar industrial limited

Nice! Good to see management actually happy to engage with...

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ThePig

568 Posts.

61

05/03/19

19:35

Post #: 37662269
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Originally posted by christophe: ↑

Haha I'm not trying to be.

I waited for a while after that last quarterly report to buy in thinking they might need to raise given the need for working capital etc. I thought well if they are going to raise they will surely do it sooner rather then later. I still wasn't sure so I rang the company and got clarification and was happy with that.

They have the $1m draw down facility through Regency and obviously the receipts are coming in and adding to the $2.5m bank balance and providing enough working capital.

As I said another quarter with $1.5m say in CFP funds will see a bank balance of $4m and an even better position.

They also must think they are in a strong position to win a lot more contracts as well leading to a higher share price. I like the fact they haven't just handed out the normal mates placement at 2c like every other coy would have done. They seem to want to build a real company here. Good on them.

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Nice! Good to see management actually happy to engage with shareholders! Thanks for the information.

WSI Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 11.5¢		Change 0.000(0.00%)		Mkt cap ! $14.13M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
4	419030	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	198351	3

View Market Depth

No.	Vol.	Price($)
3	431558	0.021
3	2022800	0.020
1	1500000	0.019
1	2500000	0.018
3	1034800	0.017

Price($)	Vol.	No.
0.022	32000	1
0.023	590453	2
0.024	973228	2
0.025	1307107	5
0.026	1381770	3

Last trade - 16.12pm 30/09/2024 (20 minute delay)

WSI (ASX) Chart