Trading today in hindsight was expected although I didnt think it would retrace that far. The swings both ways will be significant with a 50m SOI company.
Traders that have been stuck in suspension since monday were always going to need to sell out and I wouldnt be surprised if thats why we opened today an not monday to give some clear air for the new stock to issue.
More assays to come through shortly and looking at Luni, the highest grade hit was rather shallow so bodes well for the rest of the shallow stuff. This second system is 30kms away so if they are connected then they will have enough to supply more then the current world demand.
Today is not the first time this stock has had a friday sell off and bounced hard the following monday. I bought some on the Friday dip 2 weeks ago when it touched back at 80c and then closed the following monday over 1.20. Bring on Monday....
WA1 Share Price, page-719
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Last
$13.00 |
Change
-0.275(2.07%) |
Mkt cap ! $877.5M | |||
| Open | High | Low | Value | Volume |
| $13.16 | $13.16 | $12.60 | $2.612M | 202.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 456 | $13.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.70 | 126 | 1 |
View Market Depth
| Last trade - 15.59pm 11/11/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |