WR1 2.94% 52.5¢ winsome resources limited

this may already be answered, however it is my understanding...

  1. 253 Posts.
    lightbulb Created with Sketch. 81
    this may already be answered, however it is my understanding that WR1 only have to pay 95% of market value according to Asian Metal Market pricing - this is irrespective of if they manage to sell it at a much higher rate to another party.

    So in the event that a buyer values it at an additional 10% - 20% due to demand and limited supply (this is where having a monopoly and being the only mine in the world comes into play) that is just a bonus for WR1 to rake in free cash.
    think pilbara minerals lithium auctions

    hopefully this is correct, or alternatively someone could provide a different understanding of the deal.

 
watchlist Created with Sketch. Add WR1 (ASX) to my watchlist
(20min delay)
Last
52.5¢
Change
0.015(2.94%)
Mkt cap ! $116.2M
Open High Low Value Volume
51.0¢ 53.0¢ 51.0¢ $568.4K 1.112M

Buyers (Bids)

No. Vol. Price($)
1 857 52.5¢
 

Sellers (Offers)

Price($) Vol. No.
53.0¢ 10000 1
View Market Depth
Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
WR1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.