I'm buying uso calls. Weekly and a couple weeks out

WWR call was a bit of a nothing burger. Was really hoping we'd hear more about definitive purchase agreements or financing on this call. Looks like theyre running out of cash quickly.

Did they say what they were negotiating with SK about?

If they are just regurgitating their previous announcements, its basically nothing in regards to actual numbers or sales. The contract basically says would give them a shot at being a supplier once complete.

Under the agreement, the two companies will work together to develop environmentally responsible, high-performance anode materials tailored for SK On batteries. Should the project end with successful results, SK On will consider an option of sourcing Wes****er's anode materials for use at its battery manufacturing facilities in the U.S.

E said:

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Did they say what they were negotiating with SK about?

If they are just regurgitating their previous announcements, its basically nothing in regards to actual numbers or sales. The contract basically says would give them a shot at being a supplier once complete.

Under the agreement, the two companies will work together to develop environmentally responsible, high-performance anode materials tailored for SK On batteries. Should the project end with successful results, SK On will consider an option of sourcing Wes****er's anode materials for use at its battery manufacturing facilities in the U.S.

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I suspect a purchase agreement. SK On apparently liked the original sample provided and they're now doing further testing in a recently completed and operational R&D lab in tandem with SK On to test from a larger sample size for feasibility at scale is what it sounded like.

nm

How long can WWR stay under $1 before a reverse split? It's been a few months, I figured we were already at that point.

Any analysis to go along with this? Atlas is a great company but curious why you are suggesting short term puts.

SPY has given back all gains since the end of June.

Disregard my entire rhetoric on ASTS for now, more dilution down the pipe most like. Missed a tidbit re: their recent capital injection.

Chilifest said:

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If i was allowed to, I would buy some short term puts on AESI between now and 9/7.

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AESI was $21.27 at the time of this post

Anybody else's account info down on Fidelity?


Edit: It's back but still sucks. Turns out it was better not knowing.

nm

nm

txaggie_08 said:

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How long can WWR stay under $1 before a reverse split? It's been a few months, I figured we were already at that point.

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I guess the question is: do they have some financing lined up, or are they waiting until the last minute to dilute shares?

It does seem odd that they have waited this long to raise funds in order to continue construction.

MRKR is getting some love and has definite potential for a day trade in a cheap stock.

This was the one where a guy knew a guy?

South Platte said:

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This was the one where a guy knew a guy?

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No, you're confusing it with the other one. This is the one where a guy knew a guy that knew another guy.

South Platte said:

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This was the one where a guy knew a guy?

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Correct, my close friend told me about it and asked me to look into it after he was told by a guy. It's lining up for possible pop on the charts. RSI went positive, stochastic signaling a buy, and the MACD is rounding for possible momentum reversal and build.

This should only be considered as a day trade, not an investment, and only if you can watch it intraday imo.

Ok, who pulled the plug on the market?

Think WWR is probably fooked. Is the dream dead? Think someone said before they need 10x cash on hand just to fund plant construction?

TriumphForks said:

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Think WWR is probably fooked. Is the dream dead? Think someone said before they need 10x cash on hand just to fund plant construction?

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Kind of feels that way, unless they close new financing rather quickly. I dont see a mention of any debt on their books though. Is that accurate?

In my opinion, the plant will get built, as the EV industry needs it....Now will the terms to complete the facility be favorable to the shareholders of WWR? Tough to know.

If they obtain financing via non-dilutive means (I'd imagine the terms would be somewhere between 7-8% worst case). Amortized over 30 years, that's ~$14million/year in debt servicing.

Does anyone have any idea what they expect their operating costs and/or margins to be once Phase 1 is operational?

Boat Shoes said:

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TriumphForks said:

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Think WWR is probably fooked. Is the dream dead? Think someone said before they need 10x cash on hand just to fund plant construction?

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Kind of feels that way, unless they close new financing rather quickly. I dont see a mention of any debt on their books though. Is that accurate?

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Correct, $0 debt with $17.3 million of cash at 6/30/2023. The CFO was questioned about the various based financing options they are exploring. Here is the exchange on that from the quarter-end call yesterday:


Are there special funding groups that are able to provide better terms for green energy, ESG type loans versus just a regular loan for, let's say, an oil company?

Steven Cates (WWR CFO)
Yes, this is Steve again.
So the group of lenders that we're engaged with and talking to, most of them have money set aside for the energy transition and specifically, battery materials.
And so they're interested in the space. They're looking at the ESG component.
So sometimes, depending upon the lender we're talking to, that might be on their infrastructure fund; others, it's within their energy team. It just kind of depends. They each have a different view, but they're definitely interested in this energy transition.


And then the last question, again, related to your work on securing the financing to complete the Phase I and get into production and start Phase II considerations.
You talked about speaking with lenders and the sort of some of these agreements perhaps been contingent and you're getting a sales agreement from -- a firm sales agreement in place. Have you looked at sort of kind of asset-level financing, so maybe not institutional -- I'm sorry, not financial lenders, but maybe more strategic partnership or an off-take type of agreement with the earning potential as a way to fund your operations and your capital needs?

Steven Cates (WWR CFO)
Dmitry, this is Steve. We have turned over every stone possible looking for the best terms that we can and cost of capital on financing. And so we have explored some of those avenues. Some of those avenues still remain. But what we have found, especially with kind of ABL lending, the cost is pretty high. And considering we are pre-revenue right now, the cost and the amount of debt-to-asset coverage that we would need just is not the best source of capital right now. And the lenders that we're talking to now are much more attractive on their pricing.

The market this month

AgEng06 said:

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RenoAg said:

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Red Pear Luke (BCS) said:

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Heres my thoughts on WWR.

Book Value per share is $2.93 with no or little amount of creditors involved.

Currently trading at $0.72 per share.

There is gold in them hills, they just need to figure out how to access it.

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The graphite was there. They just didn't execute. Jimbo Fisher

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- Michael Scott

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Billy Zane, Titanic