Absolutely agree it got too high in value for where it was at.
But that is the point. Retail did not pump WC8 to 46c. Wildcat was trending up even in the most foul red lithium days.
Now the SP is in free fall. Which as you say is the other end of the spectrum. No one is denying that the upper value was unjust. Would it be unjust if they have a 100MT resource?
The buying frenzy indicated a leaky ship. Now it is leaking on the way down? That does not stack up!
As I said. Ships don't leak up and then down. It is either a sophisticated pump and dump. Or manipulation to gain more units.
LTR costs $6.6B.
WC8 - The next best thing since sliced brad or the victim of a high end P & D. Simple as that. All in IMO.
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Last
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $289.5M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 23.0¢ | $657.3K | 2.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 248596 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 309648 | 6 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| WC8 (ASX) Chart |