Mate i said the same thing about lel- patience theyll get fairly valued. Then I thought Aquisition was going to happen upon all the mre upgrades they had (i had no skin in)
they then decided to divest the lithium asset and ev plumetted.
as far as im comcerned theres plenty of time to come back to wr1 if theres an uplift but for now its bogged down going no where fast. In fact probably going backwards- value wise
hopefully I help push the sp back up when I buy back in (if) but for now im out at half what i had in. I expected it to sit at $2-2.5 off mre upgrade and new drilling results. Yet again failing to hit adequate timeline turn around on drill results. Imo they released mre becuase they knew resukts were either dusters or they werent going to receive them to add them to mre update.
renard update is 3 months away and no offtakes or JVS To assist with the next stages to production. Great theyve got 100-120mt, shallow at a decent grade, everyone knows it but yet 'apparently zero interest as mr market is demonstrating.
its a "if you can afford to leave 100k for 3 more years you may do well" for me. But short term theres no moons or stars just empty void
WR1 Price at posting:
$1.25 Sentiment: Buy Disclosure: Held
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