Not sure what's driving the negativity on the Australian WAS? I just picked up another 10m at 0.005, good opportunity to average down (IMO obviously). Think some got scared by a couple of big lines hitting the bid (25m @ 0.005 and 10m @ 0.005)?
I see value at these levels, am hoping the downtrend breaks soon and WAS can start picking up some interest. If the TGPP geothermal resource estimate grows post confirmatory drilling, and the two other Kalina Cycle plants are operational as expected by year end, I can't see why WAS wouldn't trade back towards the 0.010 mark where it was earlier in the year
I've been wrong so far (and wearing a reasonably large paper loss!) so DYOR and GLTA!
WAS Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held