WA1 7.83% $19.28 wa1 resources ltd

General discussion, page-8794

  1. 987 Posts.
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    Novac

    "MRE which is going to confirm us being the second best deposit in the world and the biggest outside China control."

    CBBM is not controlled by China, they did put some money in but are controlled by a Brazilian family and have always acted to keep the niobium price stable.

    I personally am in the camp that thinks the MRE will disappoint, You cannot drill every 200 metres and assume the same grades are consistant throughout without infill drilling which will occur after the MRE.

    I bought 4 lots starting late 2022 and have sold 3 of them. I am one of those weak holders talked about by some but 1400 to 2000% gain is not a gift horse I chose to ignore. Some who thought it would just keep going up have had their pants pulled down recently but this was always going to pull back at some point imo.

    I will sell my remaining shares at some point, probably in July, if it goes back up to $50 I will not begrudge those who have held a single dollar as I never thought this would go above 3 or 4 dollars when I first bought in.

    good luck all
 
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