With all due respect Rob, what makes you so convinced that WR1 is in such a vulnerable position? I am sorry, but comparing our position to that off Stornaway is absolutely ridiculous. That company collapsed and the asset was up for sale to try salvage anything from it. We are far from that position, infact better than alot of other lithium players currently out there. We are likely sitting on circa $20m AUD in the bank (last qtr from memory $23m), plus approx $35mAUD from Power holdings. If at any time, the board believes we are in strife I am sure it wouldn't be too difficult for them to find a buyer for a portion of the Power holdings and do an off market block trade at even $1 (if it was at a discount to the market price), PLUS 100% offtakes rights which according to malibutan a reliable poster on this forum could be sold for $8m AUD. Too me it seems Winsome has plenty of options if things start to get really tight, unlike some of the other lithium junk that is trading on the market still and holding onto dear life. Oh and all for approx $68m market cap I might add. That's what sentiment does.
WR1 Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)