The market cap comparison with Frontier Lithium has closed. Still dumbfounded that after 2 days of trading after that spectacular announcement, WR1 still valued less than FL on an EV basis.
Frontier Lithium: Shares on issue 227.6m (Project reduced to 92.5% ownership)
Share price: .92c CAD
Cash on hand as at Dec-23 = A$17.3m
+ C$25m for 7.5% stake from Mitsubishi = A$45m cash including Mitsubishi's contribution
Post DFS, Mitsubishi will move to 25% ownership
Market Cap in AUD = $209m
So, Frontier Lithium is trading at the same market cap as WR1 now with 92.5% ownership, dropping to 75% in a few months.
Winsome Resources: Shares on issue 185.8m
Share price: $1.13
Cash on hand as at Dec-23 = A$53.m
Market Cap = $209.9m
Crazy to still be able to buy WR1 cheaper than Frontier given what was announced last week.
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Last
47.0¢ |
Change
-0.020(4.08%) |
Mkt cap ! $101.6M |
Open | High | Low | Value | Volume |
47.5¢ | 47.5¢ | 46.0¢ | $195.1K | 418.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 34019 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 10780 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 34019 | 0.465 |
7 | 58370 | 0.460 |
4 | 30274 | 0.455 |
6 | 70277 | 0.450 |
4 | 31922 | 0.445 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 10780 | 2 |
0.475 | 3500 | 1 |
0.480 | 4500 | 1 |
0.490 | 2566 | 1 |
0.495 | 18235 | 1 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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