WR1 4.84% 59.0¢ winsome resources limited

Ann: Renard Project Update, page-31

  1. 16,196 Posts.
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    That speaks volume doesn't about WR1 management vs Frontier Lithium's

    Frontier skipped a highly dilutive CR by securing a +70% premium to market valuation strategic investment for $25mil - all this done with Frontier's 2 x tiny pea sized deposit and WITHOUT plant asset like Renard

    WR1 on the hand has a 80mt MRE deposit and $1bil Renard plant and they went out of their way to seek a 60% discount cap raise at 85c when just several weeks prior the sp was $1.40.

    Post 85c cr it precipitated a drop to 50s cent range. It is beyond defensible imo

 
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