WTM 8.77% 31.0¢ waratah minerals limited

The company is currently holding:You'll notice how in the Report...

  1. 2,494 Posts.
    lightbulb Created with Sketch. 319
    The company is currently holding:
    https://hotcopper.com.au/data/attachments/6037/6037137-4932c4405d92c5317a0c138510a85ea2.jpg
    You'll notice how in the Report and other places, this particular tenement gets very little mentioning, apart from the fact it's an application. It was applied for in April 2019, which is a long time to get approved.

    https://hotcopper.com.au/data/attachments/6037/6037147-f6b8e9e18a122ad3b369bb361fdcd124.jpg
    The likely reason for non-approval is that the land is sitting on a Conservation Estate - the Purnululu Conservation Reserve. It's an IUCN Category 2 Reserve.

    What all this means is that the chances of this getting approved for exploration (let alone mined) is pretty small. Like really really small. Maybe even teeny tiny.

    The smart thing for the company to do is let the tenement application go and focused on its' other holdings.
 
watchlist Created with Sketch. Add WTM (ASX) to my watchlist
(20min delay)
Last
31.0¢
Change
0.025(8.77%)
Mkt cap ! $55.60M
Open High Low Value Volume
29.0¢ 32.5¢ 27.5¢ $1.252M 4.135M

Buyers (Bids)

No. Vol. Price($)
3 74460 30.5¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 6000 1
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
WTM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.