WR1

3.81%

50.5¢ winsome resources limited

Ann: Winsome to raise up to A$60m to accelerate Canadian projects, page-341

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18/03/23

09:35

Post #: 66836179
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Originally posted by Dandelion ↑

Last reply from me.

Some people listen more to 'hearts' on this site.
You advertised selling a month ago.
The WR1 SP popped 20%.
WR1 SP then fell.
You waited for the fall to come back again, saying you still haven't bought based on factors unrelated to WR1.
You offer price targets (aka financial advice).

I'm sure that you appreciate how that might be interpreted. What you intended to do doesn't really matter, because it's actions that count.
"I haven't bought because of bad macro" could be copy pasted to nearly every stock on this website.

I pointed out that you viewed SYA as a buy, and it fell dramatically.
I pointed out that you had WR1 a sell, and it rose 20%.
You scored 0/2, which could have been achieved with a coin toss. Meaning your analysis (price targets) was arbitrary.

"is macro more important or delay in results. To be honest, we will never know"
Of course we may know. If WR1 releases the long overdue assay results and the SP strengthens amidst poor macro conditions, then it definitively proves that they were more influential.

Here's my analysis:
If WR1 doesn't release assays & macro remains bad, the SP may breach $1.50.
After that, if WR1 still doesn't release assays & macro remains bad, the SP may breach $1.40.
After that, if WR1 still doesn't release assays & macro remains bad, the SP may breach $1.30.
After that, if WR1 still doesn't release assays & macro remains bad, the SP may breach $1.20.

WR1's situation is quite simple:
It's valued on encouraging results from Adina, with no certainty around the ultimate size. Cancet is not factored in at all, because so far the results aren't economical. Winsome is perceived as as 1 project company.
There are two ways to get a rerate:
1) Find an economical deposit at Cancet.
2) Push Adina toward 40mt and beyond.

1 & 2 can't happen without assays.

Best of luck with your investments.

Expand

Did I just hear your correctly when you said Cancet isn’t economic?

WR1 Price at posting: $1.54 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 50.5¢		Change -0.020(3.81%)		Mkt cap ! $111.8M

Open	High	Low	Value	Volume
51.5¢	52.0¢	49.0¢	$511.5K	1.015M

Buyers (Bids)

No.	Vol.	Price($)
2	15000	50.0¢

Sellers (Offers)

Price($)	Vol.	No.
50.5¢	16174	1

View Market Depth

No.	Vol.	Price($)
2	15000	0.500
1	7908	0.495
8	34883	0.490
7	67322	0.485
7	51579	0.480

Price($)	Vol.	No.
0.505	16174	1
0.520	59288	4
0.525	45775	3
0.540	5000	1
0.555	10000	1

Last trade - 16.10pm 18/10/2024 (20 minute delay)

WR1 (ASX) Chart

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