WC8 wildcat resources limited

Li sector, I feel, is still in that crucial phase where after...

  1. 5,933 Posts.
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    Li sector, I feel, is still in that crucial phase where after making a big bottom, and then a decent rise of 30/50% across the sector, is in an uncertain state - Will there be Phase 2 of another 30 to 50% gain or we will give it back?
    .
    Last 3 weeks there has been a pause. As if everyone is waiting. Small excitements and then small despairs. But nothing much happening. This phase usually means small decline, just due to uncertainty. So many stocks are easing down from their recent highs. Nothing alarming yet, as it looks like consolidation. Overall we are in a better state than where we were in early September. 2 months on, stocks are higher, there is hope..
    ..

    WC* is hovering in the early to mid 30s play - it has decided, that is its consolidation level. So nothing much happening for now. We wait.
    .
    This is what I wrote in my Weekly Report for Li sector on SYA thread, anyone wanting to know more about how 90 Li stocks have tracked, general market behaviour, other sectors, please look at my other posts as I post the Weekly Report on one thread.
    .
    • Lithium Sector overview - Last 3 weeks, Li sector looked very uncertain - undecide for the next move - up or down. Last week was slightly positive. This week too, the uncertainty factor is still strong, but slightly positive. ALB held the 92 and gained 5%, Ganfeng flat, Tianqi 1.5% down. So better, but not yet there. The testing time continues. Previously when US and ASX Li stocks were rising, Chinese were lagging behind. Last couple of week, US and ASX Li stocks are holding the level, but Chinese took the lead. This week Chinese held, many US and ASX Li stocks slightly up, with exception of LTR/SQM among big plays that were down. But overall still in front. So next week either US/ASX have to have a big one or the Chinese - if reversal is to happen. Lets see. ALB needs to get to the 102 level, but more importantly above 106, currently at 98. Ganfeng is around 34, it needs to get over 37. Both these numbers are important, firstly because they represent the big support they held while coming down. So may form a resistance going up. So would be good to get over them. Also both these numbers will represent around 50% increase from their lows. That level of increase gives confidence that we are no longer playing to make a new low, but our direction is different. So lets see how it plays out this week. As I have been writing, I feel the Phase 1 of 30 to 50% rise is done. The stage is being set for Phase 2 - if it were to happen.

 
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13.0¢
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Mkt cap ! $174.7M
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Price($) Vol. No.
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Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
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