People complain about this mgmt team, about the stock price. Read the room! The Li sector has been decimated, it's not due to this mgmt team, which as far as I can tell is strong. If lithium stocks as a group are going to recover, Winsome will be one of the ones that shine. It has a top 4 or 5 hard rock Li project in N. America, next to Rio Tinto's lithium plays & Patriot Battery Metals. There is zero chance that Winsome's neck of the woods will not be developed, but it will take time.
Winsome has signaled they will land a strategic partner by the end of August. I see no reason not to believe them. If they don't get the partner and the Renard project is not acquired, then all bets are off, but again I think mgmt will do what they have to. If/when lithium prices rebound (not from $800 to $8,000, but from $800 to $1,600 and then to $2,000 -- many Li peers will be caught flatfooted.
Winsome won't miss a beat, onwards and upwards with Renard and into production before many others. In the past 24 months, winsome has been delayed perhaps 3-4 months. Most peers? 12-18 months, dead in the water. Many won't EVER get back on track. Winsome is early-stage, yet years ahead of peers who are pre-maiden resources and don't have a Renard opportunity. One last thing. If Li spod remains below $1,000 for 2-3 more years, all bets are off again. No one will do well. NOT A SINGLE Li play outside of China can thrive at sub $1,000 Spod con. That means prices have to go higher, and they will.
WR1 Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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