WR1 winsome resources limited

Ann: Exercise of option to expand Adina Project by over 50%, page-39

  1. 3,203 Posts.
    lightbulb Created with Sketch. 1040
    We can go on with the pretence that you hold, if that's your wish.

    I find is ironic that you talk about value 'decimation' when you were so quick to shout down management for drilling a 'honey hole'.

    Others in the market kept drilling honey holes to build their share price.

    Its noteworthy that PMETs share price has fallen so far since they moved to being a developer.

    Our trajectory will be different but the end outcome will be the same.

    We will come from a lower share price up rather than a higher share price down.

    Our eventual value, as with all producers, is the value of getting product to market. We have lots of spod and management is working hard on an efficient way to get it to market.

    I guess management could have kept drilling honey holes and things could then have been different. No doubt traders would have loved that.

    I'm long and the path management has picked is the most efficient path to secure long-term shareholder value.

    So I find it funny that you complained about a honey hole and then you complain about management getting on with developing a mine to maximise shareholder value.

    Seems you can't find a way to be happy.




    Last edited by InItEarly: 07/10/23
 
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