WA8 warriedar resources limited

Good Morning @vmpFirst and foremost - a little about myself - I...

  1. 111 Posts.
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    Good Morning @vmp
    First and foremost - a little about myself - I am a working "9 to 5" normal guy - some may say boring guy(!), involved in the consultancy space dealing with mainly Engineering companies.
    I am by no means a big shark or part of the collective "BEOT" - think a simple retail investor fully aware of the sharks and corporate games involved at this speculative end of town and hence try to avoid the penny dread-fuls apart from some form of entertainment in trading or a stern telling off by the missus on a loss!
    I am part of a network group consisting of around a dozen or so other people from a variety of backgrounds and occupations as it is important to have a wide range of different inputs into various stocks in my honest opinion.
    I actually don't put much into the stock market - maximum amount I would put into a stock would be around $50k-$100k per stock and I would not hold more than 3 stocks in my portfolio as I am a firm believer that if you have done the research then there is no point spreading yourself thin, in order to maximise returns over a certain period of time!
    If all things being good I would try to target stocks with a 5 to 10 fold return in 2 to 3 years timeframe - I am not getting younger

    My first real winner on the stock market and some would say fluke was Sirius Resources whereby in a few months made a couple of hundred thousand. That was indeed an amazing stock!
    I would prefer not to delve on my losers or hold any ill will and would simply wave goodbye with a smile especially if the board was not actively trying to make progress on a project.
    My other previous winners have been A2M, ALU, PLS, EMR and most recently SPR

    Now to answer your question:
    why do you keep buying, why are you setting up your smsf to be able to buy more?
    Currently I cannot see any other potential ASX exploration company (I would love to hear any other ones please!) with the prospects such as Warriedar.
    I am thinking (a) potential size of resource/s (b) amazing mining jurisprudence (c) surrounded with other big miners with access to Mills etc (d) combined with the fact the company is sitting on it's own mining lease.
    I must admit I was a little hesitant due to prior gold grades not being the best but the discovery of Antimony more than adequately will add to the economics of this project in my honest opinion.
    Hopefully by the time AB delivers a PFS/DFS/BFS with the Gold price as is and the Antimony around current levels many will see Warriedar's positive economics.

    I buy because I see a potential ten times return over the next two or three years especially with the Gold price as it is.
    We all buy on potential right?
    I definitely don't buy on hype and army uniforms and rocks - no disrespect to anyone!

    I am also reassured because there are other long term investors here that are in the ear of AB.
    I've only been holding since February so have somewhat timed this nicely I must admit and happy to have signed up on this website on some recommendations from some of my peers.

    Are there improvements to be made?
    Yes definitely - I wasn't happy at the raise and would like a cornerstone institute investor e.g like a Nova Scotia like you keep mentioning but this may not happen until some studies are released to the market in my honest opinion.

    Anyhow the Company have got the means now to go out and "throw the kitchen sink" at everything related to drilling.
    We will find out soon over the next 6 months just how big this Company can be.

    Have a great day and as is with this boring investing game, all about patience and not getting off in moments of boredom

    Back to the "9 to 5"!

    Regards,
    HM
 
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Last
13.5¢
Change
0.020(17.4%)
Mkt cap ! $152.9M
Open High Low Value Volume
12.5¢ 13.5¢ 12.0¢ $1.572M 12.41M

Buyers (Bids)

No. Vol. Price($)
7 596055 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 608072 8
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Last trade - 16.10pm 18/06/2025 (20 minute delay) ?
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