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$13.57 wa1 resources ltd

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bas10

2,450 Posts.

309

08/02/24

09:21

Post #: 72297439
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Originally posted by Wurlitch: ↑

My exit strategy was in place when I first purchased WA1,ie sell when it had established a high grade resource estimate that would support a long mine life. Once this was achieved I cashed in, hindsight has shown I left a fair bit on the table, this causes me no concern.
At this stage I can not see what will drive the SP over the next coming couple of years.
The anticipated MRE should show no surprises, the mets should show industry norms, so not much ground breaking news to look forward too. An increase in resource becomes meaningless if production is constrained by demand.
It would seem that Agrimin would likely sell all or part of its holding to support its Lake Mckay project instead of further CR's and the remaining Tali fiddlers may be tempted to sell some WA1 shares also.
Many will disagree with my sentiment,tough, I call it as I see it and hope my input is balanced to counter the over optimistic hype shown by some posters here.
WA1 has been very good to a lot of holders and for the longer term may continue, short to medium term may be a problem.

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WA1 Price at posting: $10.00 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $13.57		Change -0.310(2.23%)		Mkt cap ! $889.3M

Open	High	Low	Value	Volume
$14.05	$14.18	$13.54	$2.130M	154.8K

Buyers (Bids)

No.	Vol.	Price($)
6	147	$13.56

Sellers (Offers)

Price($)	Vol.	No.
$13.58	98	5

View Market Depth

No.	Vol.	Price($)
3	89	13.580
2	116	13.570
6	653	13.560
4	389	13.550
3	179	13.540

Price($)	Vol.	No.
13.600	34	3
13.610	308	5
13.620	405	5
13.630	470	4
13.640	120	2

Last trade - 14.22pm 17/10/2024 (20 minute delay)

WA1 (ASX) Chart

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