WR1 0.00% $1.29 winsome resources limited

He's a trader not a long term holder. Alot of people throwing...

  1. 1,185 Posts.
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    He's a trader not a long term holder. Alot of people throwing shade at him/her on this forum which I think is a little harsh.
    Clearly only looking for 10-20c gains, which a completely fine return if that's the game plan.

    Just means that he/she would've missed the 200% rise and would've sold out far earlier.

    One thing I would argue though against this "euphoria" narrative is there is a significant difference between where the company is now opposed to where it was 2 years ago.

    At the start of last year we were virtually at the same MC, with only hitting one large intercept. Yes, there has been alot of pump and dumps in the Li sector, especially in Canada. LLI, OM1, C1X etc but the reality is now we are not just a hopeful explorer with some high grade rock chips.

    We have a resource that has been proven and continues to grow. The fact that our neighbours have done so poorly is one of the many reasons our MC has remained so low and why there isn't as much interest in Canadian Li stocks right now. But that just demonstrates the opportunity the stock provides.

    Once again, PMET is 6 times our MC, with the same permitting issue, lake issues and will be in production after us. PMETs resource is not 300mt+
    Hence you can see the value when comparing the two.


 
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Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
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