Hi All,
This is an interesting play and recent trading resembles very much the same as what happened to WA1 before it reversed and went to all time highs.
I like the current entry points available here based on the following for a longer term hold:
- Li market has very negative sentiment currently (looking at the longer horizon out to 2030 we are in a short term slump but will recover based on the supply deficit forecasts)
- Shorts are allowing lower entry / average down opportunities (WR1 still less than 1% short currently...noting that 5 Li stocks in the top 10 shorted stocks on ASX and PLS No 1)
- MRE timing early next year should coincide with a better general market
- Cash in bank thanks to very well executed raise at $2 per share
- Possibility of a takeover by a larger player once resource is firmed up to 50+
- Tier one mining jurisdiction (Yes I understand that the govt needs to accelerate approval / permitting timeframes)
This is from IRESS.... Not sure if it is 100% accurate
Looking forward to reading the continuing debates here over the coming months leading into 2024
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Last
61.0¢ |
Change
0.040(7.02%) |
Mkt cap ! $131.9M |
Open | High | Low | Value | Volume |
57.0¢ | 61.5¢ | 57.0¢ | $322.8K | 540.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7322 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 24244 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.605 |
1 | 20000 | 0.600 |
1 | 10000 | 0.595 |
3 | 62000 | 0.565 |
4 | 75571 | 0.560 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 24244 | 2 |
0.620 | 14000 | 2 |
0.625 | 15000 | 1 |
0.645 | 14870 | 1 |
0.650 | 17080 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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WR1 (ASX) Chart |