WR1 2.27% 67.5¢ winsome resources limited

No-one wanted to see a CR at present but with virtually all...

  1. 7,370 Posts.
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    No-one wanted to see a CR at present but with virtually all lithium stocks tumbling and the foreseeable future very uncertain for the lithium sector perhaps management were being prudent in opting to raise extra funding at this point. Now we can definitely say we will have enough funding to take us into 2025 without being down to the bare bones. We were all disappointed by the last raising but many here came to realise by early February that it had been a wise decision after all. The same may be the case this time if the lithium price continues to fall. If we're going to blame our management for the SP decline then we'd have to conclude that virtually every other management team running a lithium company should also be caned. I just think ours need to lift their game in doing all to ensure that assays are reported in a more timely manner and perhaps presented in a more eye-catching format. Other than that what else can they do? Things seem to have been progressing well on site and PEA studies are underway. Naturally we'd all like to see a takeover bid on the carpet to drive the SP up but realistically who is in the mood to scout for projects in the present climate?
 
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