WR1 General Discussion, page-32225

"Based on the comments on the LRS threads, it seems that company didn’t have enough capital to weather the downturn, causing financial vulnerability which led to them being acquired by PLS at a price that many holders seem unhappy with."

13 likes for this post demonstrates not your post is anywhere near correct BUT the naivity and low caliber of holders here to understand what's ahead for wr1.

Do you really think LRS could not easily raise funds at anything higher than their low of 11c? They simply choose not to as they would have already been in negotiation and opened up their data-room for PLS representatives to go over their geo and financials. 11c low was simply insiders bringing it down as low as they could to gain that extra few % gain on the already known offer of 20c by themselves - why did you think the 11c low was set just a day or 2 before the 20c binding offer was announced? Get real !

Now onto WR1 - you think $25m cash is what saved wr1 from "low ball offers" ? You simply are zero understanding period. That $25m is already as good as gone, and how many more $25m will then be needed to "save" wr1 from "low TO" ? My estimates would be only $15m cash remaining by Nov/Dec which is just 3 short months away. So what then? Strategic comes onboard for $50m at what low ball sp ? 50c? So what have you saved? You saved nothing.

Furthermore you realise Renard now is simply a Care & Maintenance liability unless they walk away from the option. If not its practically an ongoing Care & Maintenance cost forever until one day Renard restarts production and is generating positive cashflow to fund itself and the company. This thing is just a huge cash burning pit and will be for many many more years. Will Adina even ever produce? That's very far from guaranteed at all.