Australia's largest stock trading and investment forum Australia's #1 stock forum

WR1

Click for more information

6.14%

53.5¢ winsome resources limited

WR1 General Discussion, page-26340

First 26340 Last

Share
Profile

Follow
patience

18,396 Posts.

982

01/03/24

08:59

Post #: 72685901
Share

Originally posted by CYMON: ↑

I appreciate that the current valuation would be attractive to many large caps out there.

The thing to understand is that this isn't Chris' first rodeo. When I spoke with Ken Brinsden back when he was with PLS he told me he had enough of the stress of running a big company and was looking to take a less public facing role. Great forward a few months he confirms that he's taking the top role at PMT. From what he's said since, it was a role he couldn't refuse. Basically the geology of Quebec is amazing and nothing like they've seen in WA.

These folks know how difficult it is to find a decent 100Mt+ deposit with great mineralogy. There is no way in hell they're going to sell. They know how valuable the land is.

Going back further, I once spoke with Niel Biddle, the founding member of PLS. I asked many years ago if they would consider selling PLS to a Rio or BHP and the abbey was a "no". He then went on to say that if he sold "what else would I do".... These guys aren't necessarily in it for the money but the thrill of discovery.

Expand

Well put an offer on the table and let the shareholders decide. I will make up my own mind. I dont need the input of the Bod to make a formal decision.

WR1 Price at posting: 85.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

1 Great analysis

Reply

Top Stories

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

RCE

Recce progresses testing of gel to treat bacterial skin infections

AHK

Ark Mines provides strategic update following mining lease submission

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

There are more pages in this discussion • 6,807 more messages in this thread...

First 26340 Last

Add WR1 (ASX) to my watchlist

(20min delay)
Last 53.5¢		Change -0.035(6.14%)		Mkt cap ! $118.5M

Open	High	Low	Value	Volume
56.0¢	56.0¢	52.5¢	$806.8K	1.496M

Buyers (Bids)

No.	Vol.	Price($)
1	3000	53.5¢

Sellers (Offers)

Price($)	Vol.	No.
56.5¢	10084	1

View Market Depth

No.	Vol.	Price($)
1	3000	0.535
3	16336	0.530
6	61948	0.525
5	29816	0.520
1	7222	0.515

Price($)	Vol.	No.
0.565	10084	1
0.570	24587	2
0.575	7836	2
0.580	30000	1
0.585	40000	2

Last trade - 16.10pm 09/10/2024 (20 minute delay)

WR1 (ASX) Chart

SPONSORED BY