I'm in, but to be honest I'm pretty nervous about their future given the way America isn't handing the virus. Things may slow down there for longer and more drastically than was hoped. Hopefully Wellington can come through this. A high risk investment me thinks.
Given the rights issue is at 5 cents I don't think you can go too wrong. However....I think WDT are going to be hit really hard this year with very little revenue. The 5 million could disappear very quickly and we could see the share price drop 50% from here, though I still believe in the long term future if they can get through this next year somehow.
I too have applied for extra, though unlikely we'll get much, IMHO.
My fear is it could go very wrong and they could go out of business. But I hoping it doesn't go that way and am willing to take the risk as I believe they have a very bright future.
HUDS, The reason that anna created the new thread was to disguise the rubbish that they wrote on the other thread. If you read the WDT threads from start to finish you will see that the same people have been averaging down still bleating the same message. By starting a new thread we might not notice how stupid they were on the other thread. It makes good reading for new investors. macdunk
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Originally Posted by duncan macgregor
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