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5.7¢ warriedar resources limited

The Warriedar story just keeps getting better., page-119

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Bullish786

2,213 Posts.

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25/06/24

17:09

Post #: 74483388
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Originally posted by Joelstar: ↑

Hi vegimitecrumpet,

Backstory.

This post below will give you a better idea of how and why WA8 come up on my radar.

WARRIEDAR RESOURCES LIMITED (ASX:WA8) - Ann: Drilling recommences at Ricciardo, 73030358, page-60 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

I guess a few of the SPR holders have been thinking the same thing as I did. WA8 is an asset rich undervalued company.
I know a few of us early movers picked up shares for as low as 2.8c.

Both SPR and WA8 are both located in the Murchison district; Spartan's Melville deposit is well within trucking distance to WA8's mill (sealed roads virtually from doorstep to doorstep.)

The Yalgoo/Golden Range belts could easily join together to become another large Murchison mine camp. All it would take is some creative M&A plus a moderate amount of extensional and step-out drill success in and around the combined current mineral deposits.
Simon Lawson has shown to be one of the most ambitious young (in a comparative sense, he's the same age as me lol) MDs in the gold sector.
I would not be surprised to find out he has several Murchison M&A targets on his shopping list.
Simon Lawson (key person of influence) and team have now become capital magnets.
The higher the SPR SP rises the more index inclusions.
The more index inclusions the more passive funds flow into the stock.
It becomes a snowball effect!!!

All just my opinion.
Watch this space...

Expand

Classic move today by SPR as well WA8 if we got great results we will be in M&A approach by SPR with every 8 shares to one share of SPR if Simon would be too generous!

your thoughts on that

Just speculating DYOR

Last edited by Bullish786: 25/06/24

WA8 Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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