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WR1 General Discussion, page-6515

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30/01/23

18:39

Post #: 65956661
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Originally posted by kevin103: ↑

The perfect example of why WR1's share registry is superior and a very important point to understand which I posted about yesterday.

Not all Lithium explorers are made the same and separating the chaff from the wheat is about education imo.

Understanding why our sp is and will remain strong as we continue to tick off the coming milestones and new discoveries - comes down to our share registry imo.

A company's market cap can grow one of 2 ways - which is very important to understand. Market caps can increase obviously with a rising sp - however, the 2nd and very bad way to increase market cap is by ISSUING endless NEW shares through highly dilutive cap raises and this gets further negatively compounded with more and more shares on issue, sp momentum is badly hampered and a company's market cap fake "GROWTH" is actually driven by NEW shares issued instead of a rise Just take a look at GL1 as an example - where it started out life in late 2021 in relatively same position as WR1 in terms of shares on issue of 132 mil shares on IPO of 20c.

Fast forward to end of 2022 GL1 has been through several hugely dilutive transactions through acquistions and cap raisings - expanding its shares registry from 132 mil to a whopping 265 mil shares on issue fully diluted, which at $2.50 per share gives GL1 a market cap of circa $662 mil

Yes GL1 has grown from 20c to $2.50 - however if it had limited its dilution its sp would be well north of $2.50 ($660mil/150mil shares = $4.40 per share) - instead its sp is capped in the $2 range due to the addition of 130 mil+ shares as in GL1's case

We are sitting pretty with WR1 where the big majority of our market cap rise will be driven by the rising sp - instead of endless new scrips

Late 2022 shares structure

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I call it getting fatter instead of taller

WR1 Price at posting: $2.44 Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

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WR1 General Discussion, page-6515

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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WR1 General Discussion, page-6515

Top Stories

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News