WA8

3.03%

6.8¢ warriedar resources limited

Hi Edmorgrimm, I appreciate the kind words.Welcome aboard, I...

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Joelstar

4,022 Posts.

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02/04/24

18:19

Post #: 73154274
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Originally posted by Edmorgrimm: ↑

In today.

I've had excellent returns in Healthcare/Biotech simply by letting smart/experienced people highlight what has potential before doing my own DD. In this instance, massive thanks @Joelstar for all your brilliant research and sharing here, champion.

My very basic thesis for entering FWIW: Tier 1 jurisdiction(s), large leases in quality mining region, massive unexplored potential with existing shallow hits with some open at depth, existing infrastructure, mid-cap goldies with $$ and mills nearby, M&A potential, quality management who've been buying on-market and in CR, drill contractor accepting equity instead of cash (liked what they saw?), clear & simple mining plan, great ratio of cash being spent on drilling vs. 'wages' (75%ish from memory, this is not a lifestyle company), top 20 shareholders holding 50% of stock, quality sticky large insto investors, I get the impression they're looking to offload the Nevada project which I think is smart (possible cash injection?), recent CR done, assays pending, and gold prices/predictions being what they are. I also quite like that we have a female MD/CEO; I think she must have had to prove her quality to get where she is over some of the boys.

Happy to be corrected on any of the above, and there's stuff I'll have missed/forgotten.

There's risk in any explorer, but this seems a good risk/reward ratio, so I've dipped a toe in, maybe call it a foot.

GLTAH, I read more than I post on resources, but I'll be reading it all.

Cheers

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Hi Edmorgrimm, I appreciate the kind words.
Welcome aboard, I have a more than a toe in as well.

As you say, exploration is a risky game but the probabilities of success appear to be heavily stacked in our favour.

You missed project optionality (Big Springs, Golden Range, Fields Find), commodity optionality (Gold, Copper, Nickle), multiple granted mining leases, control of practically the entire 70km shear zone yada yada yada.

All the best with your investment!!!

WA8 Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
7 Upvote

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Last 6.8¢		Change 0.002(3.03%)		Mkt cap ! $47.08M

Open	High	Low	Value	Volume
6.7¢	7.0¢	6.5¢	$177.1K	2.654M

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No.	Vol.	Price($)
1	15717	6.8¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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2	250000	0.063

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0.070	7161	1
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0.076	13875	1

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WA8 (ASX) Chart

Hi Edmorgrimm, I appreciate the kind words.Welcome aboard, I...

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Venture to sniff out high-grade REE targets at Jupiter project, WA

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Buyers (Bids)

Sellers (Offers)

Featured News

Hi Edmorgrimm, I appreciate the kind words.Welcome aboard, I...

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Venture to sniff out high-grade REE targets at Jupiter project, WA

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News