I have done a little bit of maths around our recent CR that all the naysayers tell us was the most dreadful thing management could have done for us.
Well low and behold.
Prior to any CR news on May 29th we were trading at $1.24. Our recent low was 46.5 cents.
In comparison LRS had no CR and their closing price on May 29th was 25 cents. There recent low was 11 cents.
So WR1 management did a CR to protect the Co. from any firesale at the bottom of the lithium price cycle.
Post CR WR1's SP fell 62.5%.
With no CR LRS's SP fell 56% due purely to the lithium price cycle.
So to protect WR1 during lithium dark times it effectively cost us 6.5% in share value.
We rose 13% yesterday.
Pretty damn good decision by management imho.
I have done a little bit of maths around our recent CR that all...
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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 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |