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3.03%

34.0¢ wildcat resources limited

PLS takeover for LRS is highly positive for WC8, page-52

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dolcevita

30,407 Posts.

1863

06/09/24

17:08

Post #: 75565622
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What the heck is going on?
It was flat as a tack today.
Glad I stayed away when it was 70-80c and you were talking it up @Ladytradr.

Originally posted by Suni: ↑

Yeah that is a very interesting question. Keeping in mind PLS is not really doing super well right now either. Cash balance is reducing. However the cash balance is big enough to get through this tough period assuming it improves in the future. LRS struggled for funding and the capex/opex matrix for LRS was as good as it gets.

Lower capex, lower opex, less taxes and less royalties than WC8. Way cheaper energy. Bottom line is better from top to bottom and yet a deal with PLS has become the path moving forward.

So much has changed in the last 7 years. This very day PLS would struggle for funding. The price of spod is not very appetising for $1B investment in a shaky sentiment.

We still don't know if the transition to EV will happen as we hope or it will be far slower and protracted which harms the spod price.

At $1200 U.S I think further investment becomes more palatable. Right now it is $800 U.S. Big difference,

Expand

A lot depends on the outcome of the US election.

Last edited by dolcevita: 06/09/24

WC8 Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 34.0¢		Change 0.010(3.03%)		Mkt cap ! $420.4M

Open	High	Low	Value	Volume
34.5¢	35.0¢	32.0¢	$1.969M	5.832M

Buyers (Bids)

No.	Vol.	Price($)
1	16000	34.0¢

Sellers (Offers)

Price($)	Vol.	No.
34.5¢	40000	2

View Market Depth

No.	Vol.	Price($)
1	16000	0.340
3	112257	0.335
9	153436	0.330
5	276668	0.325
5	173863	0.320

Price($)	Vol.	No.
0.345	40000	2
0.350	303182	10
0.355	210535	5
0.360	151650	4
0.365	110000	1

Last trade - 16.10pm 12/11/2024 (20 minute delay)

WC8 (ASX) Chart