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Bullboard - Stock Discussion Forum Wenzel Downhole Tools Ltd T.WZL

TSX:WZL - Post Discussion

Wenzel Downhole Tools Ltd > todays trading
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Post by ferret_ca on Dec 05, 2012 12:54pm

todays trading

i picked some more up this morning in the 1.60's, it is now actually up a penny on the day and looks like it could go to $2 ask is now at 1.91 getting rid of this albatross good news even though we lost the case.

cheers and gl ferret

Comment by mjh9413 on Dec 05, 2012 2:47pm
wow! quite a turnaround. don't get it really as this represents a \cost\ assessed in interest terms (as though they borrow the whole amount or even have to use own cash, which was not much) at about $690K pa. And then they have reduced room in their borrowing AND have to pay it off.
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