Hi All,
This is an interesting play and recent trading resembles very much the same as what happened to WA1 before it reversed and went to all time highs.
I like the current entry points available here based on the following for a longer term hold:
- Li market has very negative sentiment currently (looking at the longer horizon out to 2030 we are in a short term slump but will recover based on the supply deficit forecasts)
- Shorts are allowing lower entry / average down opportunities (WR1 still less than 1% short currently...noting that 5 Li stocks in the top 10 shorted stocks on ASX and PLS No 1)
- MRE timing early next year should coincide with a better general market
- Cash in bank thanks to very well executed raise at $2 per share
- Possibility of a takeover by a larger player once resource is firmed up to 50+
- Tier one mining jurisdiction (Yes I understand that the govt needs to accelerate approval / permitting timeframes)
This is from IRESS.... Not sure if it is 100% accurate
Looking forward to reading the continuing debates here over the coming months leading into 2024
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Last
51.5¢ |
Change
-0.015(2.83%) |
Mkt cap ! $111.4M |
Open | High | Low | Value | Volume |
53.0¢ | 53.5¢ | 50.0¢ | $246.5K | 474.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3883 | 51.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
53.0¢ | 344 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3883 | 0.515 |
2 | 7446 | 0.510 |
2 | 46466 | 0.505 |
5 | 21466 | 0.500 |
4 | 59746 | 0.495 |
Price($) | Vol. | No. |
---|---|---|
0.530 | 344 | 1 |
0.535 | 9000 | 1 |
0.540 | 43000 | 2 |
0.545 | 32000 | 2 |
0.550 | 98909 | 4 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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WR1 (ASX) Chart |