In my opinion the chart is showing the stock is being mispriced by the market. I put my thinking on this in the post below.
https://hotcopper.com.au/threads/ann-trading-halt.4170415/page-13?post_id=32863129#.WykVH6Y_WhA
Similarly to Orbis, WAF is really not on the radar in terms of retail investors, it’s more a play thing of the various broking firms that have “supported” it. I believe it won’t be too long before the TO comes at a 60% premium to the prevailing share price at the time, which will depend on the where the POG goes in this time and the outcome of the FS plus the results which will flow from the slated 60,000m/annum of drilling. I’d say any smart suitor won’t give the company the chance to drill on that scale because they’ll know it will mean they’ll have to pay much much more. This company will be stolen in a TO IMO and there will be nothing the shareholder can do.
As far as what filling my boots means, I don’t disclose the size of my holdings on HC but can tell you that WAF is currently 8.23% of my portfolio weighting (excluding cash) and I’m prepared to go higher if the market pushes this down much further.Esh
In my opinion the chart is showing the stock is being mispriced...
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Last
$1.46 |
Change
-0.055(3.63%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.45 | $3.183M | 2.157M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4912 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 9085 | 8 |
View Market Depth
| Last trade - 15.59pm 02/12/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
