WA1 0.73% $15.08 wa1 resources ltd

In regard to the shorting that's happened, I'm wondering if they...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 9,116 Posts.
    lightbulb Created with Sketch. 8527
    In regard to the shorting that's happened, I'm wondering if they are expecting the MRE to come in lower than most market expectations simply because most MREs do come in under expectations, then plan to cover in the liquidity event after release.
    However keeping the company out of indexes also seems a viable play for someone wanting to takeover the prospect.
    Perhaps the game was push the SP down with shorting, so it looks like 'insiders' know the MRE is low, then when the MRE is released, make sure everyone knows it's 'small' compared to Araxa, which on relative terms we will be, (but it doesn't matter!!), then cover in the panic while SP is low and do T/O afterwards...

    We've had plenty of down rampers here, but none of them bother to put up what they think the valuation of the find is worth. I do consider that 'some' of the down rampers will be associated with the shorting, which ones, no idea..
 
watchlist Created with Sketch. Add WA1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.