WR1 is under valued because the Adina discovery was made at the very end of lithium 2.0.
So it had no chance to grow its market cap as say compared to PMET and others who were 12 to 18 months ahead in discovery terms.
So 12 to 18 months extra exposure to a buoyant market makes a huge difference to market cap growth.
So we just got going and lithium prices started to plummet.
That would affect any Company's market cap. growth.
This was stated by Chris Evans himself in one of his interviews.
Again. Flawed arguments by you.
Ann: Renard Project Update, page-224
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Last
48.5¢ |
Change
-0.045(8.49%) |
Mkt cap ! $104.9M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 48.5¢ | $363.9K | 735.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 52781 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 1404 | 1 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |