My exit strategy was in place when I first purchased WA1,ie sell when it had established a high grade resource estimate that would support a long mine life. Once this was achieved I cashed in, hindsight has shown I left a fair bit on the table, this causes me no concern.
At this stage I can not see what will drive the SP over the next coming couple of years.
The anticipated MRE should show no surprises, the mets should show industry norms, so not much ground breaking news to look forward too. An increase in resource becomes meaningless if production is constrained by demand.
It would seem that Agrimin would likely sell all or part of its holding to support its Lake Mckay project instead of further CR's and the remaining Tali fiddlers may be tempted to sell some WA1 shares also.
Many will disagree with my sentiment,tough, I call it as I see it and hope my input is balanced to counter the over optimistic hype shown by some posters here.
WA1 has been very good to a lot of holders and for the longer term may continue, short to medium term may be a problem.
- Forums
- ASX - By Stock
- WA1
- wa1 Chart
wa1 Chart, page-1732
-
- There are more pages in this discussion • 806 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WA1 (ASX) to my watchlist
|
|||||
Last
$14.86 |
Change
-0.200(1.33%) |
Mkt cap ! $963.9M |
Open | High | Low | Value | Volume |
$15.27 | $15.44 | $14.80 | $5.294M | 353.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1857 | $14.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.88 | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1857 | 14.860 |
2 | 4159 | 14.850 |
1 | 300 | 14.830 |
2 | 620 | 14.820 |
5 | 2656 | 14.810 |
Price($) | Vol. | No. |
---|---|---|
14.880 | 50 | 1 |
14.900 | 1000 | 1 |
14.910 | 4000 | 1 |
15.000 | 41813 | 2 |
15.100 | 3250 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
WA1 (ASX) Chart |