WA8 1.45% 7.0¢ warriedar resources limited

Ann: Step-Out Gold Success and High-Grade Antimony Discovery, page-32

  1. 5,636 Posts.
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    Volume profile has increased exponentially since the end of March following the $6m placement @ 3.8 cents on 25 March.

    Today, thus far, is the second biggest volume day since 9 April - when 13M traded on no specific news - following the placement - Argonaut? Interestingly the SP range barely moved for such high volume, 4.3 - 4.7 cents

    Next biggest was 12M on 2 May, again no news. Again, barely moved SP range 4.5 - 5.0 cents presaged a move to 7 cents. Confirmed on 13 May when announced more high-grade intercepts at Ricciardo.

    Then 9M traded on 17 July the day of the TH for the M1 high grade ann on 19 July. Signaled the current top, SP range 7.0 - 8.3 cents, presaged a drop back to 5.5 cents via the $4M placement @ 5.7 cents.

    Now we have 12.8M, with 2 hours to go....nearly back at yesterday's close @ 6.9 cents

    So it's a liquidity event for some(one).

    Traders taking the antimony sugar hit profit? Argonaut finally exiting? And who's buying?

    Interesting times.
 
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7.0¢
Change
0.001(1.45%)
Mkt cap ! $53.41M
Open High Low Value Volume
7.5¢ 7.8¢ 6.9¢ $1.093M 14.96M

Buyers (Bids)

No. Vol. Price($)
2 286892 6.9¢
 

Sellers (Offers)

Price($) Vol. No.
7.3¢ 225000 2
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