Nov. 21 at 2:35 PM
$WWR Just sharing... I'd had a position at
$0.74 basis and closed it ahead of management's 11Nov's call. Sold it at USD1.10 thinking if call was good I'd buy back in. It wasn't. So, it's on "watch" because:
a) No reason was given for Stellantis' offtake contract cancellation.
b) Kellyton financing search started March 2023. Still nothing. Why when other emerging U.S. miners/refiners are getting grants/financing?
c) WWR hadn't reacted to Trump's 3/2025 Exec Order "Immediate Measures to Increase American Mineral Production" altho they recently hired a consultant - to do what?
d) Any movement on their FAST-41 program other than hiring another third party to perform studies? But is WWR even qualified - they have to have a CapEx expectation of >USD200M don't they?
e) During the call, leadership wasn't aware of Small Modular Reactor (SMR) designs' use of graphite. What other end use markets are they missing?
