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Just to throw some optimism into the mix, imagine if Argo...

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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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(20min delay)
Last 52.0¢		Change 0.000(0.00%)		Mkt cap ! $115.1M

Open	High	Low	Value	Volume
52.0¢	53.0¢	50.0¢	$143.1K	277.1K

Buyers (Bids)

No.	Vol.	Price($)
1	987	52.0¢

Sellers (Offers)

Price($)	Vol.	No.
53.0¢	5000	1

View Market Depth

No.	Vol.	Price($)
1	987	0.520
2	50990	0.505
6	91001	0.500
3	20700	0.495
6	48639	0.490

Price($)	Vol.	No.
0.530	5000	1
0.535	12169	2
0.540	371	1
0.545	26000	2
0.550	31500	2

Last trade - 16.10pm 01/11/2024 (20 minute delay)

WR1 (ASX) Chart

Just to throw some optimism into the mix, imagine if Argo...

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The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

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Just to throw some optimism into the mix, imagine if Argo...

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