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How Will the A$40 Million Raised by WA1 Resources Develop the West Arunta Project? — ASX:WA1| ASX Mining News & Discussion
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$WA1 How Will the A$40 Million Raised by WA1 Resources Develop the West Arunta Project?
WA1 Resources Ltd Secures A$40 Million for West Arunta Project Development

Melbourne, January 18, 2024 – WA1 Resources Ltd (ASX: WA1), a prominent player in the mining sector, announced a successful capital raise of A$40 million. This funding is a significant step in advancing the company's ambitious West Arunta Project.

A Strategic Financial Move: Placement Details and Impact

Capital Raised: WA1 Resources Ltd has garnered A$40 million through a placement, targeting institutional, sophisticated, and professional investors.
Share Issuance: The company will issue four million new fully paid ordinary shares.
Pricing Strategy: Shares are priced at A$10 each, a strategic discount of 5.5% to the 30-day VWAP (Volume Weighted Average Price), and a 10.2% discount to the last traded price of WA1’s shares.

Financial Position Post-Placement

Enhanced Cash Position: Post-placement, WA1’s cash reserves are expected to be approximately A$56.7 million.
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How Will the A$40 Million Raised by WA1 Resources Develop the West Arunta Project?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?