WR1 6.43% 80.0¢ winsome resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-49

  1. 129 Posts.
    lightbulb Created with Sketch. 62
    Good observation. It is so easy to draw conclusions without looking into the facts like SugeKnight did. Actually CE has done a lot of drilling in a short time span, especially at the start when it was very hard to get drill rigs as they were almost not available in the region. Obviously, the forest fires are now slowing us down, which is an event management has zero influence on.
    Also, CE has acknowledged they struggled to find the motherlode at Cancet. However, they hit Adina so they shifted their focus and made it the main priority. Looks like that was 100% the right decision. Once drilling is underway again at Adina and a resource is established later this year, they will put more priority on Cancet. This is very clever because they will (most likely) have good news coming in while Adina goes into development, which means there would be less announcements from Adina to keep the market excited. Same goes for the other tenements WR1 has in Canada.
    Also @SugeKnight you are concerned about spending money on drilling? Imagine if they drilled Cancet as aggressively as Adina, then we would need a capital raise next month.
 
watchlist Created with Sketch. Add WR1 (ASX) to my watchlist
(20min delay)
Last
80.0¢
Change
-0.055(6.43%)
Mkt cap ! $152.6M
Open High Low Value Volume
85.0¢ 85.0¢ 79.5¢ $910.8K 1.120M

Buyers (Bids)

No. Vol. Price($)
2 7133 79.5¢
 

Sellers (Offers)

Price($) Vol. No.
81.0¢ 29515 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
WR1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.