He's got no idea. He doesn't realise WR1's spend was heavy in previous quarters on purpose utilising "must spend" CFTF funds.
Moving inferred to indicated and expanding the MRE.
IMO, the spend would have slowed considerably since, especially given the lithium price doldrums and CE's experience with Altura.
Focus has been primarily on the PEAs and my understanding is drilling has significantly reduced.
The cash raise he did (while not pleasant) imo was necessary and protective for the Co.
Just ask LRS holders.
WR1 General Discussion, page-32141
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Last
57.5¢ |
Change
-0.025(4.17%) |
Mkt cap ! $124.3M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.5¢ | 57.0¢ | $204.3K | 350.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17212 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 6000 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |