I don't think the big boys invested in WAF are going to too keen to sell out for 30c in the current gold environment and without them no bid can succeed.
I think the whole SP weakness is your garden variety tree shake to get retailers to sell out on the cheap. We just had a whole lot of smart money buy in at 25c - why wouldn't they want to pick up more of WAF under 25c if people are silly enough to sell to them at 23.5c.
WAF valuation, page-46
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Last
$1.48 |
Change
0.055(3.86%) |
Mkt cap ! $1.683B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.45 | $7.196M | 4.909M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7517 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 80961 | 8 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WAF (ASX) Chart |