The market cap comparison with Frontier Lithium has closed. Still dumbfounded that after 2 days of trading after that spectacular announcement, WR1 still valued less than FL on an EV basis.
Frontier Lithium: Shares on issue 227.6m (Project reduced to 92.5% ownership)
Share price: .92c CAD
Cash on hand as at Dec-23 = A$17.3m
+ C$25m for 7.5% stake from Mitsubishi = A$45m cash including Mitsubishi's contribution
Post DFS, Mitsubishi will move to 25% ownership
Market Cap in AUD = $209m
So, Frontier Lithium is trading at the same market cap as WR1 now with 92.5% ownership, dropping to 75% in a few months.
Winsome Resources: Shares on issue 185.8m
Share price: $1.13
Cash on hand as at Dec-23 = A$53.m
Market Cap = $209.9m
Crazy to still be able to buy WR1 cheaper than Frontier given what was announced last week.
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Last
61.0¢ |
Change
0.040(7.02%) |
Mkt cap ! $131.9M |
Open | High | Low | Value | Volume |
57.0¢ | 61.5¢ | 57.0¢ | $322.8K | 540.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7322 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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61.0¢ | 24244 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 5000 | 0.605 |
1 | 20000 | 0.600 |
1 | 10000 | 0.595 |
3 | 62000 | 0.565 |
4 | 75571 | 0.560 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 24244 | 2 |
0.620 | 14000 | 2 |
0.625 | 15000 | 1 |
0.645 | 14870 | 1 |
0.650 | 17080 | 2 |
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