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5.50%

47.3¢ wildcat resources limited

Why WC8 is prepping to burst to the upside - Chart inside!, page-10

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John515

256 Posts.

64

12/04/24

15:48

Post #: 73318454
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Originally posted by Gmeister: ↑

Apologies if this has been posted about already, not following HC as much these days.

We can agree the shorts are a problem. For example, yesterday's -10% shakedown - lots of algo churning and clearly the shorts were at play.

I think it is no coincidence that the WC8 shorts tripled after MIN sold its 13% stake in AZS. The AZS share price held up because of the TO offer, but one would have expected it to drop on that news. The shorts were/are punting MIN will also sell their 19% stake in WC8.

The MoM podcast talks about the effect of MIN exiting DVP and speculates on CE's motives including a possible acquisition.

What could it mean for WC8, AIMO.

1. If he intends to also sell WC8 to tidy up the MIN balance sheet, no doubt some short term pain but nothing changes for the resource long term.

2. But why sell WC8 at mid fifties when he bought at mid eighties. If this is his game one might expect him to await some recovery.

3. If the $300m from AZS and DVP is for an acquisition, bring on the speculation. Could it be us?

Unfortunately, the uncertainty continues.

GLTAH!

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Makes sense if he is loading up for a TO bid for WC8. I don’t see Chris as the kind of bloke who wants to wait around for 2 years just to get a mining license.

WC8 Price at posting: 57.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 47.3¢		Change -0.028(5.50%)		Mkt cap ! $585.1M

Open	High	Low	Value	Volume
50.0¢	50.5¢	47.3¢	$848.8K	1.741M

Buyers (Bids)

No.	Vol.	Price($)
19	95654	47.0¢

Sellers (Offers)

Price($)	Vol.	No.
47.5¢	49010	13

View Market Depth

No.	Vol.	Price($)
18	85974	0.470
10	57618	0.465
12	197604	0.460
8	449255	0.455
9	110860	0.450

Price($)	Vol.	No.
0.475	15817	7
0.480	75071	13
0.485	29759	4
0.490	42377	7
0.495	401855	7

Last trade - 15.45pm 27/05/2024 (20 minute delay)


Last 47.5¢			Change -0.028 ( 4.56 %)
Open	High		Low	Volume
49.0¢	50.5¢		47.5¢	730023
Last updated 15.59pm 27/05/2024 ?

WC8 (ASX) Chart