WR1 General Discussion, page-31890

yea, the decoupling is happening, the shift away from China is accelerating. The Koreans and Japanese want and need their own supply chains for China-dominated commodities like lithium. Winsome with its low capital intensity (tbc by PEA) and easy deposit will be an attractive M&A target.

Nobody expects spod prices to be this low by the time Adina comes online. Chinese sabotage of the market was/is a short-term play and actually helps Winsome because tier one exploration has slowed so much and there will be fewer competitors and lower supply.

Mgmt have confirmed they are preserving capital and imo we will see a deal in Q4 this year or Q1 next, which should provide the next injection of capital.