WR1

2.46%

59.5¢ winsome resources limited

Ann: High grade infill drilling results at Adina Lithium Project, page-68

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seaemay

7,481 Posts.

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17/01/24

16:43

Post #: 71927619
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Originally posted by ForeverNewbie: ↑

Will speak to this announcement if we can finish in the green today. Li sector is being sold off like a no tomorrow today.
I know WR1 has consistently be called the worst performer on the ASX. But at least for today we get a breather.

PMT -3% even signaling the largest drilling campaign in Quebec, Just more proof that future prospects mean nothing rn. Results or seeya
GL1 -7% has been tough time for these guys. Woouldn't be surprised if our MC exceeds theirs in a week. For record they had a 70% premimum on us last week. Now its 20%
SYA - 7% Living proof that doesn't matter the size of resource, having extremely high CAPEX and a management team that actually only cares about getting themselves and their mates rich, will crush the business. Surprised its not on ice as we speak.
LKE -5%
EUR -4.5%
Ganfeng and Tianqi - 1.5% Reason I say these guys, is they tend to lead the US producers like ALB. So I would say will be a red day overnight.

For me it seems crazy that the sector has had nearly 3 weeks straight of red days. The Li price hasn't really dropped in that time and the futures have actually risen from 90k-104k in that time. However, the onslaught continues. Clear as day to see that investors have left the building.
There are heaps of articles out highlighting the oversupply will be short lived and the issues in China with their supply increasing.

Just a matter of time. Until the tide turns. Is it the bottom, who can say. I wouldn't be surprised if we get a few green days eventually just because it has been so red. But that resupply in late Feb early March is where I'll be watching very eagerly at the Li prices.

Expand

So right, FN. Some claim it's only infill drilling and worth little but the market has passed its judgement and while most other Li stocks continued to fall we not only held but gained a little ground. Still plenty keen to jump ship but they were well and truly absorbed today. That's great to see, when you can churn through the short termers and non-believers and spit them off the register.

Thanks for the Fosters update, too, Helios.

WR1 Price at posting: 74.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 59.5¢		Change -0.015(2.46%)		Mkt cap ! $131.7M

Open	High	Low	Value	Volume
59.5¢	62.0¢	58.5¢	$682.9K	1.138M

Buyers (Bids)

No.	Vol.	Price($)
1	3000	59.0¢

Sellers (Offers)

Price($)	Vol.	No.
60.0¢	381	1

View Market Depth

No.	Vol.	Price($)
1	3000	0.590
1	1739	0.575
3	85263	0.570
2	5285	0.560
1	5200	0.555

Price($)	Vol.	No.
0.600	381	1
0.620	28500	3
0.625	20000	1
0.630	81714	3
0.635	16333	3

Last trade - 16.10pm 11/10/2024 (20 minute delay)

WR1 (ASX) Chart

Ann: High grade infill drilling results at Adina Lithium Project, page-68

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Issues emerging as Australian companies tackle critical minerals challenge

Cauldron Energy reports "excellent" uranium assays in latest drill run

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: High grade infill drilling results at Adina Lithium Project, page-68

Top Stories

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Issues emerging as Australian companies tackle critical minerals challenge

Cauldron Energy reports "excellent" uranium assays in latest drill run

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News