WR1 0.66% 76.5¢ winsome resources limited

Instructions for voting against the performance rights are down...

  1. 204 Posts.
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    Instructions for voting against the performance rights are down the page. It takes 1 min and doesn't need a password.

    Things out of management's control:
    • lithium prices
    • slow lab
    • quality of deposit

    Things in management's control:
    • organising drill rigs. SYA's management was operating mine, yet still got 8 rigs. PMT got 8 rigs. This alone is enough to strike management's performance rights. They're a pure explorer, so not organising rigs despite having so much cash on hand is unacceptable.
    • Power Metals. It was an unviable deposit when management donated millions of dollars to get an offtake on a product that probably won't ever exist. Who cares what happens from here, because at the time the decision was made, it was unviable. Their job isn't to gamble on explorers with our money
    • "Incentive rights". 50mt was achieved months ago. This isn't an incentive, it's a gift. Why should we provide gifts given the mistakes being listed here.
    • Rights for a 3mt deposit at Cancet. Why did we give handouts for uneconomical deposits?
    • Complaints that the resource isn't big enough to get notice from funds. Biggins was employed due to his supposed contacts. So management acknowledges that it was a mistake to hand him millions in stock given that he hasn't produced any corporate benefits for the company.
    • Actions not matching words in promo videos
    • News not released quickly enough, which results in massive sell downs because traders know there'll be a long time between drinks. The slow lab issue would be countered if they had 8 rigs like other Canadian plays.

    There's no risk to voting no. Plenty of talent would like to line up at the WR1 trough, because the deposit is great. It takes absolutely no time to do at all.

    Use this QR code:
    https://hotcopper.com.au/data/attachments/5770/5770311-6f7a1a985ff84a8651c77c14aee399b7.jpg


    Vote against:
    https://hotcopper.com.au/data/attachments/5770/5770298-24db58ee05b2456b776c59d185073b77.jpg

    If you have multiple HINs across more than one account, you need to vote for each one.

    How to find your HIN:

    Comsec:
    Log in to your CommSec account.Go to Portfolio.Select Accounts.Use the dropdown to choose the relevant account.In the "Shares" section, you will see your HIN number next to the word "CHESS".Add an X to the number if it isn't there already.

    Nabtrade:
    Log into nabtrade, click Admin from the menu bar and select 'personal details'.Wait for everything to load, then control + F "HIN". It should be halfway down the page on the right hand side. You will need to add an X to that number.

    CMC:
    Login to the platform and go to Account > Account Information.Click on the account number in the Account column on the left.In the CHESS Registration section click on Show HIN.Enter your Trading PIN and click on Show HIN.You'll need to add an X to that number.

 
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