The selling pattern of Tuesday indicated that someone knew the CR was coming. It's not really a surprise, though, because WR1 will obviously be investing a further $3M in PWM at a discounted price of 40c, $1M has to be paid soon for Renard + C and M costs beginning. We'll probably see a Flow-Through component as well, which can be used up until the end of 2026. From the other announcement today it's obvious management see Sirmac-Clapier as a real opportunity for dual commodity focus and will want to pursue some aggressive exploration there ASAP. Nobody likes CRs but it's just part of the deal in stocks like this. And who knows, there might also be something of a surprise associated with it.
WR1 Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)