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WR1 General Discussion, page-32351

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Naydoe

2,016 Posts.

688

22/08/24

10:47

Post #: 75321197
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Originally posted by stevenjd: ↑

Every bet on the ASX , is on a sliding scale of Pretender to Contender.

If you consider the pitfalls of Africa, as AVZ and LLL etc Incredible at one time they could attract any moths to their flame, blind to the risk, but ultimately wings burnt off.

Then there is the what would previously seem safe jurisdiction like AUS, now plagued with Aboriginal heritage and Environmental net zero. The case of this week Tanya Plibersek’s decision to essentially ban a NSW $1bn gold mine on Indigenous cultural heritage grounds.

Ask PLS why they didnt buy into say, WC8 a good resource, but at 3x our MC. But, yeah, another risk in AUS.

Predators, will want that safe jurisdiction for both permitting and longevity. Nothing else matters.

And then to us, the slight of capex to only a few hundred mill, makes the finance risk lower, the dilution contained, and then a high EPS because we build with a tight register. That is Apple pie to anyone.

Where do we sit on the Pretender Contender scale ?
If you bring this back to risk reward. The risk imo low, the reward from this cap imo is substantial.

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also WC8 has a mining lease and it still wasnt picked.

WR1 Price at posting: 60.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 57.0¢		Change 0.030(5.56%)		Mkt cap ! $123.3M

Open	High	Low	Value	Volume
54.0¢	57.3¢	52.5¢	$1.240M	2.264M

Buyers (Bids)

No.	Vol.	Price($)
1	46389	56.0¢

Sellers (Offers)

Price($)	Vol.	No.
57.0¢	33192	2

View Market Depth

No.	Vol.	Price($)
1	46389	0.560
1	15094	0.555
4	31753	0.550
1	15094	0.545
6	50688	0.540

Price($)	Vol.	No.
0.570	33192	2
0.575	66759	3
0.580	78211	6
0.585	74655	3
0.590	30000	1

Last trade - 16.10pm 30/09/2024 (20 minute delay)

WR1 (ASX) Chart