That is the insanity of the market, the ebb and flow of confidence, the colder temperature precipitates the rain of sellers at fresh low fronts.
Same assets, would still be pushing into a strategic.
The sheep effect, what makes a seller today at 16c ? vs the former at 50c ? CE has a lot to answer for, in not selling PWM at the prevailing wind, rather steering us into a storm front, where we instant CR discount flip - 36c and destabilizing rout thereafter.
The collateral damage,, of the company wanting to have strategic in place before pulling the trigger, than perusing it after it.
There is a near 1b in brownfield plant sitting there. And a pathway to low risk approvals. If the people CE is talking to share the vision of needing supply in a few years, where do the words no brainer belong ? What self reflection. It is, or it is not. The indecision has dealt the sp a hammering. The flip side, is we are more at risk of a low ball predator.
Sell PWM. Buy advanced gold project. Leave Adina on the shelf for a predator to catch its scent.
WR1 Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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