RE: OAK Securities30 Sep 2025 13:09
Two ways of looking at this placing:
1) WSBN don't have enough confidence in their forthcoming results, in order to wait until then and raise at a higher price.
2) They need to raise now in order to incentivise the placee and give them a way of making back their money through the market looking forward to the forthcoming news/results, including through forward selling.
It's probably a combination of both. Too risky for the company to wait until after the results, so they've gotten this away whilst the going is good.
Have they killed any chance of the share price rising now until assay results are in?