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2.74%

$1.50 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 $1.50		Change 0.040(2.74%)		Mkt cap ! $1.539B

Open	High	Low	Value	Volume
$1.48	$1.51	$1.47	$2.476M	1.659M

Buyers (Bids)

No.	Vol.	Price($)
52	78243	$1.50

Sellers (Offers)

Price($)	Vol.	No.
$1.50	53236	38

View Market Depth

No.	Vol.	Price($)
49	61088	1.495
36	53942	1.490
15	55462	1.485
15	65034	1.480
13	108090	1.475

Price($)	Vol.	No.
1.500	53764	40
1.505	74220	26
1.510	145768	16
1.515	27985	9
1.520	385445	9

Last trade - 14.46pm 16/05/2024 (20 minute delay)


Last $1.50			Change 0.040 ( 3.42 %)
Open	High		Low	Volume
$1.48	$1.51		$1.47	567599
Last updated 15.07pm 16/05/2024 ?

WAF (ASX) Chart