You nailed a few points there.
Three key things drive a companies valuation:
1. Results
2. Sentiment
3. Salesmanship
1. No one can deny that the MRE is pretty decent, and the Renard deal looks good so results I don’t think are the issue.
2. Not much you can do about overall sector sentiment. You have to play with the cards you are dealt.
3. Salesmanship is where i think WR1 is being let down. Their announcements are not the best for presentation and clarity and the presentation put out yesterday was poor IMO. They need to be selling a timetable even if it’s optimistic.
WR1 needs new investors to come in and I don’t think they are doing a great job to attract them.
I don’t particularly like CG at LRS if I am honest, met him a couple of times and i think he is being greedy, but he is a good salesman. That makes a difference. I think CE can up his game on selling the project.
You nailed a few points there.Three key things drive a companies...
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Last
48.0¢ |
Change
-0.005(1.03%) |
Mkt cap ! $103.8M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 47.5¢ | $368.9K | 757.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49964 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 6310 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |