WKT 0.00% 11.0¢ walkabout resources ltd

Is this a boom boom?Up 24% in the last 5 days of trading....

  1. 282 Posts.
    lightbulb Created with Sketch. 189
    Is this a boom boom?
    Up 24% in the last 5 days of trading. Volumes don't seem too bad with most days trading over 250k shares a day (pretty reasonable for wkt at this time of year)

    Yes likely BCMG will convert some shares in the new year which will decelerate any climb for a while. They are only allowed to buy/sell at a % of the days total volume, so they will add supply, but they can't prevent the demand from buying.

    What is expected during Jan?
    - Concrete being laid
    - First containers of equipment and mobile plant
    - Start of loan draw down
    - Maybe end of Jan some pricing announcements? (hopefully)

    Are we starting to see new buyers come in as they can see de-risking of the project?
    IMO we won't see really big buyers come in until we get reports on the plant's actual performance - when WKT proves it can deliver the big flakes at good recovery rates.
    But more than happy to welcome new buyers on board to lift the SP in the mean time!!
 
watchlist Created with Sketch. Add WKT (ASX) to my watchlist
(20min delay)
Last
11.0¢
Change
0.000(0.00%)
Mkt cap ! $73.83M
Open High Low Value Volume
11.0¢ 11.5¢ 11.0¢ $4.298K 38.64K

Buyers (Bids)

No. Vol. Price($)
3 203451 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 230858 4
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
WKT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.