WA1 7.83% $19.28 wa1 resources ltd

General discussion, page-2231

  1. 11,287 Posts.
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    I will agree it's slightly messy at present. I think the slow assays, combined with tight capital structure and regal involved will have scared many away. It's also been played so hard so many times now that I don't think anyone believes it when it runs, so it becomes a game of who can take profits the fastest before the bots take it lower. Its frustrating.
    obviously the best way through this is to bring in new funds and other investors to buy on market. I'm not sure whether presenting over in latam is really going to achieve this. Might make for an interesting tour for our leaders and provide them with some good learnings, but not sure it's where out market buyers sit. If indeed that was the reason for the tour.

    shakey markets have obviously hurt. With such low liquidity no scaredy cats can exit easily. So it gets messy. Just like when regal wanting to take some profits.. it crushes the price.

    in theory, this tight structure should work the same the other way around when we head up, and I'm sure it will eventually. But since our $7 peak we have now had over 70% red days. That's not good.

    I think we need a really positive announcement to turn around the short term sentiment toward wa1. fingers crossed Paul has something cooking.
 
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