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$1.30 winsome resources limited

Their presentation shows production in early 2029 - 5 years away.

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Heeman

5,188 Posts.

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26/02/24

13:03

Post #: 72597304
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Originally posted by InItEarly ↑

100%.

They rely on their comment about using old data from 2023 (this slide was in their Jan corporate presentation).

It pretty weak, but shows they are worried about the appeal of WR1.

The new result this morning were more of the recent same - average at best. That doesn't look economic, so its back to the part in the lake which is high grade but is, well, in a lake. Permitting on that is going to take some time.

Willing to bet they think that there is more tonnage upside at WR1 right now and we will be producing many years before they are.

The differential in market cap was already ridiculous - now more so than ever.

So expect them to keep chipping us.

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Their presentation shows production in early 2029 - 5 years away.

WR1 Price at posting: 71.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.30		Change 0.000(0.00%)		Mkt cap ! $251.8M

Open	High	Low	Value	Volume
$1.33	$1.35	$1.30	$172.0K	130.3K

Buyers (Bids)

No.	Vol.	Price($)
3	20320	$1.30

Sellers (Offers)

Price($)	Vol.	No.
$1.31	3821	4

View Market Depth

No.	Vol.	Price($)
1	245	1.300
2	10661	1.295
3	30622	1.290
2	8023	1.285
5	32257	1.280

Price($)	Vol.	No.
1.310	8735	3
1.315	30706	7
1.320	17469	4
1.325	9060	2
1.330	165	1

Last trade - 11.16am 03/05/2024 (20 minute delay)


Last $1.30			Change 0.000 ( 1.19 %)
Open	High		Low	Volume
$1.35	$1.35		$1.30	17044
Last updated 11.16am 03/05/2024 ?

WR1 (ASX) Chart