WR1

3.92%

53.0¢ winsome resources limited

WR1 General Discussion, page-6516

First 6516 Last

Share
Profile

Follow
Zep11

670 Posts.

108

30/01/23

20:00

Post #: 65957995
Share

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

Expand

Sorry, I can't help but make the comparison.
Sometimes countries governments brag about increasing GDP when all they're doing is increasing the population by massive immigration.
Another example of bad growth.

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

0 Great analysis

Reply

Top Stories

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

HLX

Helix investor makes partial takeover bid, proposing board changes

There are more pages in this discussion • 26,032 more messages in this thread...

First 6516 Last

Add WR1 (ASX) to my watchlist

(20min delay)
Last 53.0¢		Change 0.020(3.92%)		Mkt cap ! $114.6M

Open	High	Low	Value	Volume
52.5¢	53.0¢	50.0¢	$248.8K	482.9K

Buyers (Bids)

No.	Vol.	Price($)
1	17560	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
53.0¢	7263	1

View Market Depth

No.	Vol.	Price($)
1	40000	0.515
2	101500	0.510
1	22685	0.505
2	35000	0.495
8	92477	0.490

Price($)	Vol.	No.
0.545	17000	2
0.570	19105	2
0.585	20000	1
0.595	10000	1
0.600	20000	1

Last trade - 16.10pm 30/08/2024 (20 minute delay)

WR1 (ASX) Chart

WR1 General Discussion, page-6516

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Lendlease sells off US east coast construction operations in latest global divestment push

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

The Calmer Co’s Anthony Noble reflects on record breaking FY24

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Helix investor makes partial takeover bid, proposing board changes

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

WR1 General Discussion, page-6516

Top Stories

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Lendlease sells off US east coast construction operations in latest global divestment push

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

The Calmer Co’s Anthony Noble reflects on record breaking FY24

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Helix investor makes partial takeover bid, proposing board changes

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News