WR1 General Discussion, page-30528

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fishfordayz

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04/06/24

21:23

Post #: 74164395
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Originally posted by InItEarly ↑

Youve seen the broker data. So you know the selling was Argonaut.

That's not Mr Market causing a 30% pullback - that's an arsehole broker selling 1.2m shares into news of an MRE update on a stock with a small float.

I dont think it would be unreasonable to assume some retail sold out after the Argonaut dump. Many will buy back when we start going back up from here is my read. We will see.

And of course, the stupid talk of CRs (some of which was downramping that dumb holders feed with their fear), which frankly is neither required nor desirable right now, likely exacerbated that issue. There is plenty of cash to finish the current campaign to secure 100mt + and finish studies.

If they choose to keep drilling, no doubt a relatively small FT CR is required later in the year. There will still be plenty of FT donors at 50%. A tax advantage is a tax advantage after all. Once you hit 100mt at surface, there is limited value in drilling much further IMO. Some will want more drilling for newsflow.

As for roads and CAPEX costs - I expect that to be paid/faciliated by a loan facility as part of strategic partnership agreement. I have a high degree of confidence that will happen and we will hear more about it later this year. I doubt there will be a CR to fund that stuff.

I agree that some production dates would be helpful and I was not a fan of the focus on Renard option timeframes (in part because Renard is going ahead, but also because the market needs guidance on timeframes to production) - but I understand management likes to under promise and overdeliver.

Still, I want some dates soon.

Nothing has changed, albeit the project is now objectively better than ever. Would like to see the SP rise quicker, but lithium sentiment still sucks.

Maybe some greenshoots in the spod price - lets see.

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Just to throw some optimism into the mix, imagine if Argo weren’t total bellends, didn’t sell & we had an improved lithium market with buyers post fantastic MRE update..

No need to speculate on what price we’d be at, but it sure as hell is a lot closer to our highs than where we are right now.

Frustrating indeed.

WR1 Price at posting: $1.05 Sentiment: Buy Disclosure: Held
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Last 62.0¢		Change 0.070(12.7%)		Mkt cap ! $130.8M

Open	High	Low	Value	Volume
54.0¢	64.5¢	54.0¢	$1.093M	1.853M

Buyers (Bids)

No.	Vol.	Price($)
2	13500	61.5¢

Sellers (Offers)

Price($)	Vol.	No.
62.0¢	900	1

View Market Depth

No.	Vol.	Price($)
2	2478	0.625
5	14747	0.620
6	64459	0.615
3	92010	0.610
2	10400	0.605

Price($)	Vol.	No.
0.630	18850	2
0.635	80815	5
0.640	271701	4
0.645	10037	2
0.650	82400	3

Last trade - 15.37pm 02/10/2024 (20 minute delay)

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WR1 General Discussion, page-30528

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