TROLLS8 Nov 2018 09:46
So many and so little time!
I don't know why I wasted my time, but i have just read this morning's offerings. OMG, there is NO hope for some! You are all doing the usual "gloom and doom" guessing games with absolutely no factual basis whatsoever.
Here is a FACTUAL statement regarding the RI:
In accordance with the Rights Issue Offer Document (lodged with ASX on 5th October 2018), the Company reserves the right to place the remaining Shortfall Shares within three months after the closing date of the offer being the 26th January 2019.
DW is running a business and not a charity. Yesterday's Update was factual, and investors decided that there was merit in taking a position. DW could not have predicted a 10-20% rise in the SP. Nevertheless, that has presented him with an opportunity to execute his plan for more cash for the business going forward, without diluting the SP below 1p. An Institution may have coem out of the ether and offered to buy the entire unallocated RI.
Let's wait for the ANN before drawing any positive conclusions. The fact is that we currently have 2.2B of resource waiting to be farmed out to, hopefully a Tier 1 company by YE. Then closely followed by WINX in Feb 2019.
If you think DW is a conman, then press the SELL button and skidaddle.
Good luck to all genuine holders.