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$1.47 west african resources limited

I was wondering why the price suddenly jumped. Nords posted,...

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Un1qu3Nam3

6,249 Posts.

1198

27/05/21

13:15

Post #: 53457464
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Originally posted by nordesmic ↑

I posted the below chart on twitter last week. As of yesterday WAF just went above the threshold for GDX inclusion because the market cap is >US$750M. The measurement for the rebalance is on 11 June.

I suspect that big block trade today of 15M shares might be Van Eck and their cronies positioning for WAF being added to the index. If it is added then Van Eck will need to buy somewhere near 40M shares.

Typically stocks in line for addition to the GDX start to move a week or two before the measurement date (kind of creating a self-fulfilling achievement of the required market cap).

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I was wondering why the price suddenly jumped. Nords posted, lol. I have a small list here of companies I hold. If you could be so kind...

WAF Price at posting: $1.14 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.47		Change -0.015(1.01%)		Mkt cap ! $1.505B

Open	High	Low	Value	Volume
$1.46	$1.47	$1.43	$3.915M	2.691M

Buyers (Bids)

No.	Vol.	Price($)
1	8155	$1.46

Sellers (Offers)

Price($)	Vol.	No.
$1.47	43137	4

View Market Depth

No.	Vol.	Price($)
1	8155	1.460
1	4539	1.455
4	25687	1.450
5	35555	1.445
3	19678	1.440

Price($)	Vol.	No.
1.470	30562	2
1.475	50949	7
1.480	37757	4
1.485	12539	2
1.490	4524	1

Last trade - 16.10pm 05/06/2024 (20 minute delay)


Last $1.47			Change -0.015 ( 1.01 %)
Open	High		Low	Volume
$1.45	$1.47		$1.43	727269
Last updated 16.00pm 05/06/2024 ?

WAF (ASX) Chart

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