WR1 General Discussion, page-30059

"CRs were timed well in hindsight, but were unpopular at the time. That is all the more reason to expect that another may come sooner than expected."

Lol. This doesn't make sense, logically. You just seem a bit desperate to sell the "imminent CR" narrative.

Again, at current burn rate company can get through Q1 2025. The Renard option can be deferred until the end of Q1 2025, and based on the approval date for the proposed issue of shares (see 3/4/24 ann), management seem to be signaling that they will use both extensions.

Given the lead-time necessary for a converter to build a conversion plant, I believe the company needs to make a deal with a strategic in Q4 this year or Q1 next year. That will mean an equity share, but (again) if FL can place a strategic at 67% premium, I don't see why WR1 can't do the same or better.

I also don't think there is really much of a question that Winsome will acquire Renard.