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The best outcome now, would be for Linc to formally commit to the UCG HOA, prior to the closing date of the rights issue, and have the issue over- subscribed. Due diligence on a new project soon there after - a big kick in the share price, then a placement. One step at a time for now. Best of luck to all involved !

Unfortunately, we don't have time on our side. If we lose the UCG leases, we'll have about a million bucks left and that won't last long ....... Then what ? I'll be taking up my rights though - in for a penny - in for a pound.

However, if the Linc deal does go ahead, I believe we will be in for a re-rating. "If the sale to Linc Energy does not proceed, the licence will not be current and will be at risk of termination". If the latter is the case, how long will the $1.4mil raised from the rights issue last ? And that's providing it if fully subscribed to, considering the issue is NOT underwritten. HOA extended until 21July ..... Crunch time for WHE !

It will be interesting to see the cut off date for the issue. If it is future dated, we may see a scramble for the shares to secure the rights issue, which should push the share price higher in the short term. Have to wait and see. Good luck !

It's amazing how people who are so positive in a company, sell out at the bottom. I'm just as unhappy with the UGC deal as most but there were obviously no other options brought to the table and going it alone was out of the question, so we had no bargaining power. That doesn't change the fact that the U side of the business is NOT worthless but that's what the market is implying. I wouldn't mind betting the rights issue will get an underwriter, therefore limiting shareholders to their entitlement only. (No over subscription) People won't be in a hurry to take a profit on their rights because let's face it, there won't be one for the average holder, just an averaging down opportunity. IMO the share price won't get down to the issue price again. Hang in there !

Maybe triple it !

Must be time to buy then ....... Lol

Although the Linc deal was originally taken negatively, I now believe the market will react in a positive manner if, and when, it is signed off on, so in my opinion we will not see 20 or 30.

Not so today, actually down a touch to 0.5p. If you're keen, there are usually provisions in this sort of issue to take up more than your allocation if there are "leftovers". Details should be announced next week. Unusual to announce an issue prior to having all the details at hand, so we'll just have to wait and see times, dates etc.

0.6p here today.

No need to take up your "privileged", shareholder issue. You can buy them on market for the same price.

What are they going to buy them with ?

They perhaps just should have taken us over and given WHE shareholders, shares in Linc Energy. At least that way we would have something. How long will it take the BOD to blow the $4mil ? How long will the money from the rights issue last ? Desperate moves in desperate times !

Mannan, you are entitled to your opinion but do the math. $4.4mil from Linc + $1.4mil from the rights issue + still some cash at hand. NTA = approx $6mil & that's not taking any U assets into consideration. How much lower are you expecting it to go ?

As I said in a previous post, the market is placing no value on the Uranium assets what-so-ever, especially now that it looks like the Linc deal will proceed. Read the bottom of the RNS about seeking other projects. It is my belief they will eventually flog the U assets and get into something else. The board have great contacts and believe it or not, the ability to raise significant funds for the right project. I'll take up my rights and average around 0.8p overall and forget about them until something happens. WHE will be around for a lot longer ........ But not necessarily in the same form.

Doesn't look like it's underwritten, so it will be interesting to see how many are taken up by existing shareholders.

Not "free" shares SS, but 1:2 at approx 0.4p. Entitlement date yet to be determined, so may even move a tad higher as people get set for the issue

SHAREHOLDERS SHOULD NOTE THAT WHILST THE HOA IS INTENDED TO BE BINDING IT IS SUBJECT TO NEGOTIATION OF LONG FORM AGREEMENTS AND THERE IS NO GUARANTEE THAT A FORMAL AGREEMENT IN RESPECT TO THE ACQUISITION WILL BE CONCLUDED.

With 410,240,284 shares on issue, WHE has a MC of A$4.1mil. If, and that's a big IF, the Linc deal goes through at A$4.04mil + $400k in associated costs, The "U" assets are basically worthless according to the market. I'm not sure what they're worth but I would imagine something north of ZERO. In the HOA announcement, there were a number of conditions, including, obtaining relevant regulatory (including shareholder) and government approvals to the transfer of the WHE Sale Interest, executing additional formal Sale and Purchase Agreements to finalise the acquisition within 4 months of HOA. (24th Feb) I can't see them pulling this off in the next 2 weeks, so I would guess an extension will be sought.

Nothing, but I truly believe management are too smart to let this company go to the wall. I'll patiently await the outcome.