I hope nobody browsing the forum as part of their DD takes the...

I hope nobody browsing the forum as part of their DD takes the professional downspammer seriously.

I think last week it was revealed that a well-regarded geologist and fund manager (Tom Woolrych) is a WR1 holder. He's made very generous comments about Adina and also the caliber of WR1 management. I've long shared the same view, and while CE is a respected industry veteran, from what I hear Simon Iacopetta was likely a very important addition to the team, who doesn't (yet) get the sort of recognition he deserves.

To review, we have management to thank for:

(a) prudent exploration strategy which provided a 59mt MRE at Adina from just 27,000m drilling, i.e. extremely efficient and approx same rate of resource definition as PMET for their maiden MRE;

(b) recognising the need to CR last year (much at a healthy premium using FTF) based on their accurate read of where prices would go, and providing enough capital to weather the worst part of the storm / until the end of Q1 2025;

(c) recognising the game-changing opportunity Renard presented, and acting to secure the option.

Healthy pullback today after Friday's action, hopefully shaking loose some of the short-term traders. I assume we'll get an announcement this week regarding assays or MRE upgrade or Renard DD.

Btw UBS have recently updated their SC6 price forecasts, showing 1450 usd/t for 2027, 1588 in 2028, 1599 in 2029 and 1639 in 2030. This would be fantastic for WR1, and plenty of reasons to believe their forecasts may be too conservative.