WTM 5.80% 32.5¢ waratah minerals limited

Share Price, page-141

  1. 950 Posts.
    lightbulb Created with Sketch. 402
    I did buddy.
    I was lucky to make some coin out of it.
    I am always very early to buy and quick to sell.
    Here are some trades....if you have any doubt.
    I only speak from my experiences good and bad.
    MTA= BAT has been a good stock for me so far.

    bat1.PNG

    Nothing spectacular but I'll take 20-30% any day.

    So the gamers are still gaming it.
    But interest is waning. Volume is down substantially. They are trying hard but the stock has run out of buyers. People who had to buy have bought already, only sellers are left, waiting to sell once again over 10c.
    My suspicion is once all the news in the pipeline is released the stock will retrace to its true value....I really don't know what is the exact true value but my good guess is a little above the CR price.(Say 6.5- 7c)
    Once a company starts building the plant & mill.....actually goes to make money....the share price retreats until it is proven for few quarters they can really make money.

    I am holding a small parcel as I think the profit taking exercise will continue. If it retraces to my expected price, I will look to add. It may not happen, as nothing is sure in the market. There is also a possibility it is a good buy now and once the expected news about mining licence is released the stock may rise above 10c for good. The problem is the bureaucratic system in African countries are very frustrating and bribery is not out of the question. Sometimes if the Brown Paper Bags under the table are not that heavy things may not get done quickly.

    In any case, I have made some money here and won't be giving it back to the market. If that means I miss out on future gains then so be it. A bird in hand is better than two in the bush.

    If one doesn't hold then BAT is a kind of stock to be held even if its a small volume.

    My thoughts only and not an investment advice.
    I make a lot of mistakes.
 
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Last
32.5¢
Change
-0.020(5.80%)
Mkt cap ! $58.29M
Open High Low Value Volume
35.0¢ 35.0¢ 31.5¢ $208.1K 627.2K

Buyers (Bids)

No. Vol. Price($)
1 2000 32.0¢
 

Sellers (Offers)

Price($) Vol. No.
33.0¢ 10000 1
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
WTM (ASX) Chart
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