WA8 warriedar resources limited

0.00%

15.0¢

Ann: Capricorn Metals to acquire Warriedar Resources, page-465

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Pokerface

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25/07/25

09:53

Post #: 79945210
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Originally posted by BerserkWarrior ↑

My understanding is they can't purchase on market during the Scheme. I agree the fear that CMM scrip could fall in price hampering the return to WA8 holders is real and valid.

Fair value at this time for me is 22-24c based on $115/oz, the cash held & some required blue sky considering what the drill bit has disclosed. That said, Joel mentioned above an absence of "price discovery" which is paramount. We've had great leads with the first holes of this drill program, should it be successful WA8 could be an independent producer in its own right in 3 years time with well in excess of a $1b market cap. That's what I'm here for.

CMM aren't stupid, they're circumventing the exploration program knowing full well there's a good chance of a rapidly increasing mineral endowment that they would rather not have to cough up for later. See what they proved up at Mt Gibson and I think they only stumped up $45m for it from memory. They want to emulate that with WA8.

Shareholders have the demonstrated power to stop this & make it clear to the Board that they will not consider offers until the drill program is finalised & we get a better handle of what the assets are truly worth......unless of course someone is prepared to pay up. CMM clearly think this is a worthwhile pursuit (and they haven't been wrong yet with Karlawinda or Mt Gibson). They knocked back approaches themselves at a not dissimilar stage of exploration for Karlawinda. We might want to take a leaf out of their playbook.

On another note, i wonder who a most likely (if any) an interloper could potentially be here? I'm putting up Regis as my pick

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The next MRE is a few months away. Higher grade at Riccairdo and predicted to be another 1m ozs…..worth way more than 22-24c. Plus upside from the fertile golden range is obvious. Just starting to really kick goals and potentially consigned to the bleachers. It stinks to high hell!!!

WA8 Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.0¢		Change 0.000(0.00%)		Mkt cap ! $178.1M

Open	High	Low	Value	Volume
15.0¢	15.5¢	15.0¢	$1.088M	7.077M

Buyers (Bids)

No.	Vol.	Price($)
16	2404869	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	6844643	21

View Market Depth

No.	Vol.	Price($)
12	2088095	0.150
11	1334979	0.145
12	2462142	0.140
19	1888991	0.135
4	359732	0.130

Price($)	Vol.	No.
0.155	5673080	14
0.160	5079857	28
0.165	1664176	10
0.170	174460	5
0.175	10000	1

Last trade - 16.10pm 08/08/2025 (20 minute delay)

WA8 (ASX) Chart

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