I agree, this was a solid and calculated announcement from management which answers a lot of shareholder questions that I have seen on these forums. Good to see that management have dialed back remuneration and are interested in preserving capital, this is never a bad thing in a depressed lithium market and a small cap market where it is becoming more and more difficult in relation to raising capital (especially given where our share price sits atm. Whether it should have been done six months ago perhaps but better late than never.
Divesting non-core assets and focusing our energy on Adina (a world class deposit) is definitely smart capital allocation decisions and is what I call a large corporate move - as you alluded to may have been at the direction of a big corporate player driving these strategic decisions but that will be answered in the next 6- 12 months.
Chris won’t pull the trigger on divestment of non core assets unless it Is to shareholders benefit which is good to see and is reassuring as an investor, they are all valuable assets in their own right. It is a massive opportunity at Renard, all we need is a large partner to come on board (likes of Rio Tinto) and we are off to the races. It will be a very interesting next 12 months here at Winsome. Cheers, CP.
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