Majority of the shares on the market were bought in above 4c after 21/10. So any assumption that a sell off to push the SP down to that level is quite unreasonable given we now have the MR granted. I believe anything below mid 6s will be mopped up... real hard.
If I recall correctly, Peter O bought 3.2M units at 7.1c in Feb back then. He must be shaking his head at the moment too.
To sum it all, it sounds like we all expect a sell off event, but who knows if a U turn will happen. I am in a massive red but I would stick to WWI's fundamental and potential, rather than chasing fairy tales from other gold explorers.
Majority of the shares on the market were bought in above 4c...
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Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $43.20M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.7¢ | 1.5¢ | $45.00K | 2.823M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1561158 | 9 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WWI (ASX) Chart |