I think the risk to reward ratio is very good here. For an enterprise value of around $60 million, you get 2 shots at success at both Adina and Cancet, in an emerging greenfield lithium region. The other thing I like about WR1 is that they're cashed up and with a tight capital structure. Going forward, there'll be minimal dilution.
Ann: Significant Pegmatite Intercept at Adina from Early Drilling, page-210
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Last
56.5¢ |
Change
0.065(13.0%) |
Mkt cap ! $122.2M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 56.5¢ | 51.5¢ | $628.3K | 1.150M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.5¢ | 11036 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |