WR1 0.96% 51.5¢ winsome resources limited

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  1. 27,811 Posts.
    lightbulb Created with Sketch. 3370
    if i heard correctly, there were 4 x applications on IPO at 20c, so many of them could not be filled.

    How many were wanting to get at 20c, so they could flip at 30c ? and how many wanted long positions to $$$
    Hazzard a guess, $A200m Moblan Lithium transaction for SYA for 12Mt @ 1.4%
    What if we double that with our 15-25mt target ? Scaling from 12mt => Values a range of $A250-416m with our 18m cash to unlock through exploration.

    Allowing some meat on the bone for further growth, two other projects and satellite resources there too.

    For a mc at 30c of 42m, less 18m cash = 24m EV today.
    But lets spend the cash, over the next 2 year period, and put a $A 250-416m mc, in lou.

    On 142m shares, that is A$1.76-$2.93 sp. = 10 X on 29c entry.

    https://hotcopper.com.au/data/attachments/3888/3888133-6890ecd3fe48d03a1b4e3192b268c61b.jpg
    Last edited by stevenjd: 13/12/21
 
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