Technically, 43c is not a resistance point. Share price should move beyond that into 45c any time soon and confirm new trend.
The issue here is the fundamental fact that drill results was largely infill instead of stepout and step down to extend resources.
Next stepout result will be in 3 months, assuming it takes that long to drill 4 600m-holes. Which will increase M1 slightly.
There are only 2 drills working on M5 underground, which I do not see can be increase significantly in resources neither.
The fundamental that could that WAF to next level is production plan, or new drill plan for green development near by or takeover.
Drilling M1 does not improve current share price while eroding cash reserves.
Ann: Quarterly Activities Report, page-3
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$1.50 |
Change
-0.020(1.32%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.50 | $143.1K | 94.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 9877 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 7120 | 6 |
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| Last trade - 10.20am 02/12/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
