WA1 1.81% $15.69 wa1 resources ltd

Broker Data, page-649

  1. 80 Posts.
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    I suspect that a large fraction of the sell-off in WA1 over the last month is attributable to general macro risk-off factor moves within metals & mining, particularly Aussie, rather than idiosyncratic to WA1. Clearly a broad range of resources have been dragged down in a similar fashion - once adjusted for volatility (as an early stage co, realized WA1 volatility is typically ~>2-3x that of more mature mining cos), the moves are of a similar magnitude. The sell-off also seems to have coincided roughly with the blow-off in copper price. Of course, the actual economic coupling between WA1 and these macro factors is unclear, but this kind of realized correlation during risk-off is typical.

    https://hotcopper.com.au/data/attachments/6250/6250101-3840a3002ed37b9c6991175005b50ce9.jpg
    https://hotcopper.com.au/data/attachments/6250/6250102-b3a3ddfc4bda34f3af8b4933c24ceff5.jpg
 
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