WR1 winsome resources limited

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Also the rumored redundancy's which Stonaway was having to pay...

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Harleyz82

234 Posts.

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14/03/25

13:43

Post #: 78267698
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Originally posted by Dutch89: ↑

While I'm not thrilled about the delay in getting Renard on our books and moving forward i can see the reasons why they chose the 8.5 million option. Renard while it adds a great asset to our books it also comes with huge costs. The power bills alone may run into 100k possibly or more, in the Canadian environment it would need to be kept at an even temperature to make sure the electronics don't draw condensation.
The draw on the power grid when this fires up will be huge, they may even need to warn the grid before they flick the switch to the on position and even when shutting down.
Having some knowledge in the paper mill industry and news paper business i know these machines eat money daily just to keep going with minimal maintenance. The motors and the drives will be hideously expensive that require routine maintenance costing $20.000 for minor repairs. Need to get an outside expert to tune up a fancy piece of equipment and you will be looking at $150.000 for a weeks work.
It would be a gun to our head in terms of ongoing costs that we have no control over, hence the need to a MOU to secure funds to keep the wolf from the door. I've never been inside one of these plants but I'm guessing they are huge that may even dwarf a paper mill?

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Also the rumored redundancy's which Stonaway was having to pay in order to put the plant into C&M, since it was still running. In the end $8.5m was a given, regardless of which way we went.

WR1 Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 13.0¢		Change -0.008(5.45%)		Mkt cap ! $31.70M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.0¢	$24.32K	184.9K

Buyers (Bids)

No.	Vol.	Price($)
3	58915	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	174744	7

View Market Depth

No.	Vol.	Price($)
3	58915	0.130
2	403995	0.125
4	223841	0.120
7	134291	0.115
4	1009199	0.110

Price($)	Vol.	No.
0.140	174744	7
0.145	66173	2
0.150	118796	4
0.155	111972	4
0.160	115166	4

Last trade - 16.10pm 20/06/2025 (20 minute delay)

WR1 (ASX) Chart

Also the rumored redundancy's which Stonaway was having to pay...

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

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Also the rumored redundancy's which Stonaway was having to pay...

Top Stories

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HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

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Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

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Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

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Buyers (Bids)

Sellers (Offers)

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