The stock has now broken out from its bottom. I would expect 0.15, 0.20, 0.27 & 0.34 break points leading in the coming months with favourable announcements.
Historically, SPP have returned approx $3m-$4m on a level SP by LT holder participation. If the share price exceeds the offer level & say reaches +0.03 above the SPP price point, the uptake will be much better >$5m.
A favourable SPP could easily fund additional capital works for Warrior such as a much needed underground ore-sorter (per the original development production plan) which would enable them to backfill & mine between the 15m stopes, thereby increasing production efficiency & reduced haulage costs to the surface.
IF Warrior were to reach a production rate of 10,000oz per quarter, this would go a long way to regain market confidence in the company. I would expect that their upcoming quarterly result will be marginally better than December results between 6,500oz-7,500oz for March quarter with a view to reaching 10,000oz per quarter by FYE.
IMO.
The stock has now broken out from its bottom. I would expect...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 20397419 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 4090032 | 5 |
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| Last trade - 11.30am 31/07/2025 (20 minute delay) ? |
| CTO (ASX) Chart |
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