WA1 27.6% $20.69 wa1 resources ltd

wa1 Chart, page-1397

  1. 372 Posts.
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    I like to see people make money not lose it, at current prices ($8 - $10) there is more likely a decline towards<$5 will occur, remember we are entering the orphan period.
    WA1 has had an outstanding run and it will not continue based on FA not TA.
    WA1's future will depend on the Nb price, its demand and supply.
    CBMM is ramping up production to meet the current limited increasing demand and has the ability to control prices.
    WA1 despite its world class discovery has many hurdles to overcome with its location being one of them.

    I have no doubt that in 5 years time WA1 will be a profitable Nb producer with a SP closer to $20 than what it is now.
    Until WA1 jumps a few more hurdles it offers plenty of risk with limited upside potential.

    So many people buying at these levels do not seem to understand the reality of the Nb market and how constrained it is, you can have millions of tons of high grade ore in the ground,if their is a limited market for it however it does not have a lot of value.

    Not sure what will happen to the >14m plus shares currently coming out of escrow at the end of Feb 24, they will however increase liquidity, not sure if that liquidity will mean an increased SP?

    To those that disagree let me know how you put a realistic value on WA1,(BS broker research excluded) @NineLives has suggested $18.27 based on TA?

    It is hard to go broke by taking profits when they present themselves, they allow you to stay in this game longer!
 
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Last
$20.69
Change
4.480(27.6%)
Mkt cap ! $1.269B
Open High Low Value Volume
$17.80 $20.69 $17.36 $14.38M 748.6K

Buyers (Bids)

No. Vol. Price($)
1 494 $20.69
 

Sellers (Offers)

Price($) Vol. No.
$20.85 48 1
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Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
WA1 (ASX) Chart
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