The December MRE should've been used to support the share price properly.
If management had announced an initial resource for December months in advance, followed by an upgrade in Q1 next year, the share price would never have been belted down to this level, and they could've raised at a higher price too.
WR1 shouldn't be valued lower than DLI and GL1, despite the terrible management.
Some of the biggest positive news recently was GT1 getting a mining licence in under three years. It shows that there's a bit of luck involved in Canada.
AKE got unlucky with the arsenic, and I think PMT will struggle with the additional water study and goose hunting habitat.
Hopefully baseline studies go as planned here, and if so, Brinsden's positivity about the permitting timeframes might be validated.
The December MRE should've been used to support the share price...
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Last
76.5¢ |
Change
0.005(0.66%) |
Mkt cap ! $164.5M | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 78.0¢ | 74.5¢ | $493.9K | 651.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43997 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.0¢ | 10476 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |