WR1

2.86%

51.0¢ winsome resources limited

WR1 General Discussion, page-6514

First 6514 Last

Share
Profile

Follow
kevin103

17,253 Posts.

3288

30/01/23

18:28

Post #: 65956486
Share

Originally posted by kevin103: ↑

The perfect example of why WR1's share registry is superior and a very important point to understand which I posted about yesterday.

Not all Lithium explorers are made the same and separating the chaff from the wheat is about education imo.

Understanding why our sp is and will remain strong as we continue to tick off the coming milestones and new discoveries - comes down to our share registry imo.

A company's market cap can grow one of 2 ways - which is very important to understand. Market caps can increase obviously with a rising sp - however, the 2nd and very bad way to increase market cap is by ISSUING endless NEW shares through highly dilutive cap raises and this gets further negatively compounded with more and more shares on issue, sp momentum is badly hampered and a company's market cap fake "GROWTH" is actually driven by NEW shares issued instead of a rise Just take a look at GL1 as an example - where it started out life in late 2021 in relatively same position as WR1 in terms of shares on issue of 132 mil shares on IPO of 20c.

Fast forward to end of 2022 GL1 has been through several hugely dilutive transactions through acquistions and cap raisings - expanding its shares registry from 132 mil to a whopping 265 mil shares on issue fully diluted, which at $2.50 per share gives GL1 a market cap of circa $662 mil

Yes GL1 has grown from 20c to $2.50 - however if it had limited its dilution its sp would be well north of $2.50 ($660mil/150mil shares = $4.40 per share) - instead its sp is capped in the $2 range due to the addition of 130 mil+ shares as in GL1's case

We are sitting pretty with WR1 where the big majority of our market cap rise will be driven by the rising sp - instead of endless new scrips

Late 2022 shares structure

Expand

WR1 Price at posting: $2.44 Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

IMU

Imugene kicks off Australian trial for blood cancer treatment

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

First 6514 Last

Add WR1 (ASX) to my watchlist

(20min delay)
Last 51.0¢		Change -0.015(2.86%)		Mkt cap ! $112.9M

Open	High	Low	Value	Volume
53.0¢	54.5¢	51.0¢	$274.6K	516.2K

Buyers (Bids)

No.	Vol.	Price($)
1	20000	51.0¢

Sellers (Offers)

Price($)	Vol.	No.
53.5¢	5500	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.510
1	12500	0.505
1	6310	0.500
2	24900	0.495
5	38639	0.490

Price($)	Vol.	No.
0.535	5500	1
0.540	21340	2
0.545	55000	3
0.550	69000	5
0.560	20000	2

Last trade - 16.10pm 08/11/2024 (20 minute delay)

WR1 (ASX) Chart

WR1 General Discussion, page-6514

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Flynn Gold reaches milestone exploration target for Golden Ridge

Imugene kicks off Australian trial for blood cancer treatment

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Universal Biosensors flat despite fresh deal with US medical product distributor

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

WR1 General Discussion, page-6514

Top Stories

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Flynn Gold reaches milestone exploration target for Golden Ridge

Imugene kicks off Australian trial for blood cancer treatment

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Universal Biosensors flat despite fresh deal with US medical product distributor

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News