WMG 4.08% 23.5¢ western mines group ltd

This is where it will start to get very interesting. 29m...

  1. 20,616 Posts.
    lightbulb Created with Sketch. 2697
    This is where it will start to get very interesting. 29m turnover from 1st May to 30th May and 51m tradeable shares.
    Assume from today that the current T20 is relatively sticky and account for 45% which will leave 28m shares remaining.
    We have a buyer that scooped up 500k yesterday and lets assume he was the same buyer who bought 200k last week.
    I'd say a few of us on here would account for a few million shares as well, so volume will really thin out if they have hit paydirt and expect a WA1 style re-rate


    Screenshot_20230531_085300_Gallery.jpg
 
watchlist Created with Sketch. Add WMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.