WR1

6.78%

55.0¢ winsome resources limited

"what discount that is given away for is the magic that the ASX...

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kevin103

16,217 Posts.

3140

04/08/24

16:44

Post #: 75063707
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Originally posted by stevenjd: ↑

Every stock is ultimately weighed on the scales of economic justice. Can it deliver on its promises, it purpose .

there have been many lithium wannabes exposed for the fantasy me too movement . And they have been laid bare. Stripped now of all illusions.

those who remain significantly capped and have raised significant sums of money is a testament to their claims on purpose. And will so survive into the future if and as when they further their economic development certainties.

WR1 goes one step further . As (bet) it moves ahead it’s PEA to its Renard fast forward pass on capex / finance / approvals.

Come Dec , option exercised (bet) we enter the eye of the storm with sails raised. Come what may of this corporate fizz on the cost acquisition of Renard. Government/ strategic? On the same ship benefits the ocean we sail into .

What will the others be doing ?
While lithium 3.0 could be the tide that lifts many boats , the execution of the Renard option places us into the class of lithium 2.0 push forwards / or care and maintenance. What margins are still viable in lithium 2.0 the PEA will illuminate.

But having those sails raised when others are beaten down to the safety of the harbour, or do we join them in the harbour brandishing our 1 billion dollar Renard asset book value ?

Surely if the surviving fleet , the relative valuations must look toward our ship having greater buoyancy and claims on seaworthiness. What ship is most advanced with Capex / finance / approvals? And protect forward EPS?

what discount that is given away for is the magic that the ASX casino can take from the easily frightened and accumulation to the brave.

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"what discount that is given away for is the magic that the ASX casino can take from the easily frightened and accumulation to the brave."

How about discounts like $1.40 to 85c CR? And $1.80 and $1.30 CR ?

Whats the next discount in afew short months when they need cash again? 50c and discount to sub 40c CR?

Last edited by kevin103: Today, 16:45

WR1 Price at posting: 55.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 55.0¢		Change -0.040(6.78%)		Mkt cap ! $118.9M

Open	High	Low	Value	Volume
58.5¢	58.5¢	53.0¢	$644.5K	1.166M

Buyers (Bids)

No.	Vol.	Price($)
1	1300	54.5¢

Sellers (Offers)

Price($)	Vol.	No.
55.0¢	9999	1

View Market Depth

No.	Vol.	Price($)
2	68518	0.540
2	20590	0.535
5	52363	0.530
2	17523	0.525
2	42888	0.520

Price($)	Vol.	No.
0.550	9999	1
0.555	25000	1
0.570	30000	2
0.580	15000	1
0.585	999	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

WR1 (ASX) Chart

"what discount that is given away for is the magic that the ASX...

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"what discount that is given away for is the magic that the ASX...

Top Stories

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Featured News