Kid sells after a 60% pullback and says it's still grossly overpriced..
More retail holders selling out at levels where possible accumulation should be taking place. Yes this could go lower short term as WC8 has only just started to show signs of a possible bottom so still early days, but your call is two months late.
Yes the macro climate is working against the whole sector atm but a potential 100mt resource on an existing mining lease 60km from port is a long-term strategic asset for any major player in this space, with an EV of $400m this company is a long way from being grossly overpriced as you so put it.
Commodity bear markets can be brutal so best to have your stops in.. And some guy is talking about $ASN one of the biggest dogs on the ASX lol
The weak holders have been flushed out, page-14
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Last
56.5¢ |
Change
0.010(1.80%) |
Mkt cap ! $681.7M | |||
| Open | High | Low | Value | Volume |
| 55.5¢ | 58.0¢ | 55.0¢ | $1.981M | 3.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30636 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 17500 | 2 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
56.5¢ |
Change
0.010 ( 2.75 %) |
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| Open | High | Low | Volume | ||
| 55.0¢ | 58.0¢ | 55.0¢ | 592804 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| WC8 (ASX) Chart |