Another great example of misreading, misleading, and making up dramas. Very tiresome and dishonest. Obviously Rio Tinto wouldn't arrange for Azimut to be the operators on their joint ventures if they thought they were just rent seekers. You are over-generalizing on Canadian explorers, while there are of course always lifestyle companies in existence. And obviously Azimut has been drilling on their property, although Winsome has quite a headstart. By your logic, is Winsome just a rent-seeker for sitting on their Tilly or Sirmac-Clappier property, doing no drilling while enjoying very generous subsidies from Canadian taxpayers? I certainly wouldn't say that, but it sure could look that way. In fact, I know quite a number of Australian companies sitting on properties without drilling them, and quite a few people, especially in Quebec, who are unhappy about it.
WR1 Price at posting:
76.5¢ Sentiment: Buy Disclosure: Held
(20min delay)