WPI 0.00% 2.5¢ west peak iron limited

Thanks Forrest for that info on who took the placement. I love...

  1. 14,059 Posts.
    Thanks Forrest for that info on who took the placement. I love the fact that this is more tightly held than SRT and much of the placement went to friendly parties.
    (Teck Wong - great name!)

    I'm sure you know all of the following already but those figures give us a $10.5m market cap.

    This means that if WPI is to run to SRT's 2.9c high pre-acquisition, we're looking at 8.5c.

    The real kicker here (along with price, small float etc) is that MW announced WPI's acquisition hunt shortly after SRT (a month?), so the acquisition may be here during the next few weeks.

    I'm happy to have hedged my bets with both WPI and SRT, but I've a feeling that at almost 1/3 of SRT's market cap, WPI will offer greater percentage gains from here. Even if MW delivers us a great win on SRT, the market would expect similar right here.
 
watchlist Created with Sketch. Add WPI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.