Best possible outcome? Well LTR"s best possible outcome in the next future 3 years was the $3 they gave up on by not selling.
So its gone backwards now and they have to wait another 2 to 3 years to get back to $3 they could have gotten in 2023 ? No thank you. It does not compute.
You also have to factor in the risks and outgoings new suitors will face by paying you $2.50 today. Its not all just a one way street mate.
So lets see what are the milestone rights ....and why Adina maybe can't be put up for sale yet at this stage until WR1 meets these milestones ? Hopefully PEA is done asap so we get that out of the way.
I am not so sure we need a strategic investor to stump up $50m for more performance rights. Just SELL the entire thing after PEA for $2.50 IMHO
At least the 50mt MRE is already done and dusted out of the way. Any more new milestone targets come October/Nov 2024? Hopefully its sold before then.
Best possible outcome? Well LTR"s best possible outcome in the...
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Last
74.0¢ |
Change
-0.010(1.33%) |
Mkt cap ! $160.0M | |||
| Open | High | Low | Value | Volume |
| 75.5¢ | 76.0¢ | 73.5¢ | $298.1K | 399.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 34811 | 73.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.5¢ | 2418 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |