Profit taking is a natural part of the supply cycle.The climb up...

Profit taking is a natural part of the supply cycle.

The climb up the mountain a market must first clear the clouds so that it can see the peaks.

We were so covered in cloud all the way down to base camp, that the market could not separate the pack of pretenders.

A strong wind has blow in, and the market can now see our mountain ridges.
As it navigates its way to the top, there are going to be ascents and declines to establish the next ridge higher.

But what moves markets ? Awareness = new buyers. And Clarity to distinguish ourselves from the pack, to shift the buyers to select our journey as the credible one.

The many a flogg that stands on the stage and sells the dream. The ASX casino does not stop the charlatan at the front door, among the few genuine and capable stewards of your capital to deliver meaningful progression to its destination.

But think now, about what has happened. And the many who are adding it all up, and saying that WR1 have leapfrogged the pack, with low permitting risk, low capex, and now as well a potentially significant expansion of our MRE foot print, which should crystallize that we are on trajectory to break through the 100mt Winners list.

The combination of our critical MRE mass, and to the detriment of the others will drive the vortex of money flow our way. Just ask, who would the market now trust having been through a sector rout ? the first movers will be those who the market can see are credible train tracks and engine drivers, and good stewards of your capital.

We get A+ on the core card for credible developer, not wishful dreamer.
- MRE growth on fertile ground without lakes.
- CFTF and tax rebates that minimise dilution
- Renard Low capex and low permitting risk development route.

Now compare that to what other companies are doing. Dilution spirals, and jurisdictional risk, and unless they are lucky to strike fertile ground, then without a flag pole to get the attention they need. How many of them seriously will even start a mine ? Retail may chase the flea end of the juniors only when the other ships have already sailed, and they are looking for a floor entry. But those ships may simply do harbor tours, and never really leave port to cross the oceans to the promised lands.

Deeper pockets, will set their sights on the credible stewards of capital, with a clear set of tracks to deliver the train to its destination. That is what profit takers sellers will need to consider, that we have in the last couple weeks, awoken those deeper pockets. And they may see this as the preferred vehicle.