Must agree Bushmaster, WKT is the true standout in the Graphite...

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rolly777

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22/10/19

09:39

Post #: 41000996
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Originally posted by bushmaster ↑

Hi @doubledeckerdog the market could well be speaking here and waking up to the expandable market.I like the accumulation stage and strength of how it's holding up in relation to the 20MA support, it's a positive. However I've been charting and watching WKT for over a year now, and the TA is unpredictable, largely because we have a very low SOI and most of the shares are in safe hands that don't sell. So be aware that most calls are often wrong on the charting threads here and I bet there are a few day traders who have lost more than gained on this one.

As for the market speaking, here are some results from yesterday.

Lets see if WKT can keep it up, funding could well and truely be just around the corner. The reason we are, where we are now is simply in my mind the effect SYR is causing on the entire sector. It's gone from being a $6 stock to now under 40c, more than 200% being lost just in this year alone, next stop for this could truely be under 30c. Though we dont compete in the same industry sectors, I believe it is a follow on effect.

Sooner or later the market will understand the true difference between WKT and will correct.
The rest of the graphite plays out there, WKT having the best economics and with superior Jumbo flake graphite, 44c - 64c could be possible even by the end of the year, a major catalyst being the announcement of funding which will take us beyond that in 2020. AIMO.

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Must agree Bushmaster, WKT is the true standout in the Graphite sector.LT holders standing strong and making it hard for the shareprice to be manipulated too much.Markets knows we have a high Quality resource that will be realised in the short term.Still a lot of belief in WKT shown by the resilient shareprice.IMO NLN

WKT Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
20 Upvote

0 Great analysis

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Must agree Bushmaster, WKT is the true standout in the Graphite...

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Must agree Bushmaster, WKT is the true standout in the Graphite...

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