WKT 3.85% 12.5¢ walkabout resources ltd

I posted the above almost three months ago, and since then the...

  1. 190 Posts.
    lightbulb Created with Sketch. 22
    I posted the above almost three months ago, and since then the share price has gone down by over 30%.

    I still believe in long-term fundamentals, but wanted to see what this community thought about the stock in it's current form.

    What are the short-medium term pro's and risks?

    Clearly the funding issue has knocked this stock around and until that is secured/sorted it is a shorters dream. I also imagine that if funding is secured, it will get a bounce and then become a shorters dream again as we wait for the completion of the mine and the first revenues to be physically seen.

    I'd say a short-term exit after the funding announce, then a re-entry down the track at a lower price once revenues materialise could be the smart play

    However, interested in your thoughts on the above.
 
watchlist Created with Sketch. Add WKT (ASX) to my watchlist
(20min delay)
Last
12.5¢
Change
-0.005(3.85%)
Mkt cap ! $83.90M
Open High Low Value Volume
13.0¢ 13.0¢ 12.5¢ $10.71K 83.23K

Buyers (Bids)

No. Vol. Price($)
5 69810 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 43105 2
View Market Depth
Last trade - 15.58pm 03/05/2024 (20 minute delay) ?
Last
12.5¢
  Change
-0.005 ( 3.85 %)
Open High Low Volume
12.8¢ 12.8¢ 12.5¢ 8651
Last updated 15.24pm 03/05/2024 ?
WKT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.