WR1 3.51% 59.0¢ winsome resources limited

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

  1. 253 Posts.
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    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.

 
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