WA1 0.07% $13.76 wa1 resources ltd

General discussion, page-7698

  1. 17,288 Posts.
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    "the government should support us and the high grade will make the numbers so compelling that capital will be easy enough to access"

    Totally agree with this. My thoughts of trading over the last few weeks are as follows: We were already experiencing good steady SP appreciation and seemed we were about to hit a slight pause just over 20 bucks just before the federal budget came out. However, with the budget came much hype about Australia's critical minerals. For example, here is an article released with the budget by the Dept of Industries, Science and Resources

    https://www.industry.gov.au/news/investments-capitalise-australias-critical-minerals-and-global-clean-energy-transition

    Whilst I do not deny this is excellent news for the likes of WA1 I felt the ensuing rise to over 23 bucks was a knee jerk reaction by some very over excited punters getting ahead of themselves and particularly so as we had already been enjoying some good gains. This was confirmed for me with Elite_Trader's last broker data which shows retail brokers as the big buyers in this period. I think the falls of the last few days were nothing more than unwinding of some over enthusiasm and has brought us back to pre budget levels. I am speculating that the retrace will pull up here. Maybe we consolidate a bit or just resume a slower and more realistic rise in the share price.
 
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