WR1 General Discussion, page-28237

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Naydoe

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18/04/24

17:52

Post #: 73412660
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Originally posted by ForeverNewbie: ↑

Ok since you clearly didn't read my comment I'll break it down for you.

WHY is WR1 undervalued: The Li sentiment is shot. No one, as in retail is looking at Li plays right now and if they are, they are trying to accumulate.
Undervalued or not, why would anyone pay $2 when they can buy at $1.28. You think anyone is willing to buy 10mil shares to take it up there?

Same goes for when we at 55c and people we calling it the apocalypse. People could buy more at such low prices and for those that did because it was obivous this was going up, they are sitting on 150% profit.

The real reason is WR1 was on the good side of a pump when they hit Adina, price shot up with high Li prices. Price went down and got oversold because people can't handle seeing a stock down 80-90%. Why? Because most people are sheep investors that have no conviction in the story.

Ask yourself this, when Li sentiment was high LKE resources nearly got to 2B MC on the hypothesis they would get 100 mt. We are actually there with none of there problems and with an actual resource that isn't split between 4 make believe areas.

When sectors run hot they run hot. It is almost impossible to fight the grain unless you make initial findings (ie WC8). The price hasn't appreciated as much as it should because there is no attention on the Li space. As I said, hedgefunds and instos aren't looking Li way, they were looking AI and biotech way right now.

Want me to address the why? Get that Li price over 250 k CNY and all your questions will be answered.

Stocks do not rerate based on retail sentiment. When the Li sentiment changes on an insto level, you will see instos flood into this stock because of the potential upside. Until that happens, they will look for profit elsewhere.

I'll tell you just like when GS released there report abotu Li prices dropping, the day they say its going up. The Li sector will double in a few weeks.

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Just gotta sit tight until GS get their fill

WR1 Price at posting: $1.28 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 82.5¢		Change 0.015(1.85%)		Mkt cap ! $159.3M

Open	High	Low	Value	Volume
81.0¢	84.5¢	81.0¢	$598.5K	721.7K

Buyers (Bids)

No.	Vol.	Price($)
4	26023	82.0¢

Sellers (Offers)

Price($)	Vol.	No.
83.0¢	28088	5

View Market Depth

No.	Vol.	Price($)
4	26023	0.820
4	11850	0.815
5	48061	0.810
6	86486	0.805
16	215619	0.800

Price($)	Vol.	No.
0.830	28088	5
0.835	8957	2
0.840	52187	5
0.845	40875	4
0.850	74079	5

Last trade - 15.13pm 18/06/2024 (20 minute delay)


Last 81.5¢		Change 0.015 ( 0.06 %)
Open	High	Low	Volume
81.5¢	84.5¢	81.0¢	177531
Last updated 15.35pm 18/06/2024 ?

WR1 (ASX) Chart

WR1 General Discussion, page-28237

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