Australia's largest stock trading and investment forum Australia's #1 stock forum

WC8

Click for more information

3.33%

31.0¢ wildcat resources limited

So most of your Lithium plays are also on shaky grounds.

First 27 Last

Share
Profile

Follow
Kaperal

97 Posts.

22/08/24

18:47

Post #: 75331167
Share

Originally posted by Suni: ↑

Yeah that is a very interesting question. Keeping in mind PLS is not really doing super well right now either. Cash balance is reducing. However the cash balance is big enough to get through this tough period assuming it improves in the future. LRS struggled for funding and the capex/opex matrix for LRS was as good as it gets.

Lower capex, lower opex, less taxes and less royalties than WC8. Way cheaper energy. Bottom line is better from top to bottom and yet a deal with PLS has become the path moving forward.

So much has changed in the last 7 years. This very day PLS would struggle for funding. The price of spod is not very appetising for $1B investment in a shaky sentiment.

We still don't know if the transition to EV will happen as we hope or it will be far slower and protracted which harms the spod price.

At $1200 U.S I think further investment becomes more palatable. Right now it is $800 U.S. Big difference,

Expand

So most of your Lithium plays are also on shaky grounds.

WC8 Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

STK

Strickland Metals jumps on mammoth gold-copper-silver hit over 300m width at Serbian Rogozna Project

CU6

US FDA awards Clarity Pharma's novel prostate cancer PET scan imaging compound fast track status

FL1

First Lithium hits high-grade mineralisation in all holes of diamond program in Mali

The Rising Tide: How institutional adoption is shaping the future of crypto

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

There are more pages in this discussion • 1 more message in this thread...

First 27 Last

Add WC8 (ASX) to my watchlist

(20min delay)
Last 31.0¢		Change 0.010(3.33%)		Mkt cap ! $374.0M

Open	High	Low	Value	Volume
31.5¢	32.0¢	29.0¢	$2.125M	6.919M

Buyers (Bids)

No.	Vol.	Price($)
1	36239	30.5¢

Sellers (Offers)

Price($)	Vol.	No.
31.5¢	56016	3

View Market Depth

No.	Vol.	Price($)
1	36239	0.305
2	40318	0.300
5	104488	0.295
3	50000	0.290
4	68000	0.285

Price($)	Vol.	No.
0.315	56016	3
0.320	108671	4
0.325	124172	6
0.330	629194	5
0.335	20000	1

Last trade - 16.10pm 22/08/2024 (20 minute delay)

WC8 (ASX) Chart

SPONSORED BY