While I think it's inevitable that there will be consolidation in James Bay, I do not see the upside for Winsome in purchasing PWM right now.
Likewise, I do not see the value in acquiring anything from AZM or Vomit or any other the other lifestyle companies right now.
Cash is king in the current environment, and Winsome has it, unlike most other explorers and developers.
That means Winsome can keep charging ahead with establishing a productive mine at Adina without delay.
A huge point of difference to others.
Making that cash go as far as it can to advance Adina as a mine is Winsome's number one, two and three priorities.
Winsome needs to drill out a resource that supports its PFS in the near term. For me, that's 100mt+ with 50% indicated. Winsome does not need any additional land to do that using a simple and cheap pit design.
Studies need to be completed, permitting done. Road, mine and plant constructed.
Everything else is for later when the cash starts rolling in.
Plenty of winning to do here.
Ann: Trading Halt, page-88
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Last
$1.06 |
Change
-0.005(0.47%) |
Mkt cap ! $201.2M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.10 | $1.05 | $507.3K | 473.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15943 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 6000 | 1 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.06 |
Change
-0.005 ( 0.62 %) |
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| Open | High | Low | Volume | ||
| $1.08 | $1.08 | $1.05 | 54241 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
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