WR1 General Discussion, page-23213

I think the strategy changed when they could see the prospect of retail panicking at sub-$1 (and likely that we were getting results back from the new lab quicker than previously anticipated via SGS, enabling a larger MRE sooner).

With so few shares on issue, and far (far) fewer in the float, a small number of people steadily leaving creates a snowball.

It is completely illogical and irrational that we are at our current MC. Something had to give.

There was some discussion about the relevance of the Chinese spot price to WR1.

The relevance is that retail sell when the spot price falls and that we have enough retail on our register (with low shares on issue etc) for that to be a problem. The big (more sophisticated) players are looking through the commodity cycle.