The stock price had help up very well amongst the other Li stocks prior to the selling commencing on the morning the board had received the information
i.e 15th Jan.
The response this morning is focused on the Ravensthorpe results:
The Company notes that assay results from the Ravensthorpe Lithium Projects in totality is
without question information that a reasonable person would expect to have a material effect on
the price and volume of WML’s securities. However, the Company believes the Information
(constituting 2 of 26 drill holes or circa 7% of the RC drilling) reporting no significant lithium and
which is also part of a wider auger sampling program, does not in isolation constitute information
that a reasonable person would expect to have a material effect on the price or value of the
securities.
The highlighted part = BULLSHIT
Furthermore, What the announcement this morning fails to address is the second part of the statement on Jan 17th that reads as follows:
Fifteen RC holes for 1488m were completed on the Company’s 100%-owned Mt Cattlin tenement,
testing two lithium anomalies defined through auger sampling in early 2023. The eastern-most RC
hole drilled at Mt Cattlin intersected a cumulative 29 metres of pegmatite.
Or in laymen's terms, we found no evidence of lithium in 14 of 15 holes drilled at Mt Cattlin, our trump card tenement.
Where and when was that announced to the market prior to the speeding ticket from the ASX on the17th of Jan?
Does the company consider that reporting of that information constitute information a reasonable person would expect to have a material effect on the stock price?
When was the company made aware of the above for Mt Cattlin? Was that information also received on the 15th of Jan?
I'm hoping the ASX isn't buying and continue to probe.
- Forums
- ASX - By Stock
- Ann: Response to ASX Aware Letter
The stock price had help up very well amongst the other Li...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WML (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.036M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $45.84K | 23.17M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 57125397 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 16174904 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 57125397 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 16174904 | 4 |
0.003 | 22293721 | 20 |
0.004 | 4456657 | 9 |
0.005 | 2302379 | 3 |
0.006 | 4220305 | 4 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
WML (ASX) Chart |