WR1 8.15% 73.0¢ winsome resources limited

Ann: Globally significant MRE of 59MT at Adina Lithium Project, page-784

  1. 4,338 Posts.
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    I commented last evening that I felt like a dog with three "tails", what with the 59mt MRE, with the release of the MRE before Christmas and with Chris Evans alluding to the fact that with Winsome having $60m in cash and some other firms with attractive assets being low on cash Winsome is one out and one back for new acquisitions.

    Being able to buy WR1 shares at under 88 cents today allowed me to sprout an extra "tail", I'm more echidna than dog it seems.

    No idea where the price goes from here, no idea when the lithium cycle will turn, all I know is that with an enterprise value under $100m Winsome is fundamentally good value.
 
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