WA1 RESOURCES LTD
ASX: WA1Share: Materials, Materials
Last Price (AUD)$9.350
Today's ChangeUp $0.860 (10.13%)
01/11/2023
WA1 - WA1 Resources
- Thread starter Dona Ferentes
- Start date
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- wa1 wa1 resources
WA1 RESOURCES LTD
ASX: WA1Share: Materials, Materials
Last Price (AUD)$9.350
Today's ChangeUp $0.860 (10.13%)
01/11/2023
@Swervin Mervin
122 trading days less the two Qld Public Holidays ... 120 trading days ...
Well called. Sensational effort really
rcw1 is in awe.\Market Index suggested WA1 when WA1 started up and generally, the Market Index team are on the ball.
And so I bought into the IPO and firmly believe that the sky is the limit on this one.
I met the WA1 team in October and you they are an incredibly focused and responsible team.
WA1 reached $10 on Friday but in 18months time when they start mining -who knows !
May make my first million before I reach 80 yet !!
cheers
And so I bought into the IPO and firmly believe that the sky is the limit on this one.
I met the WA1 team in October and you they are an incredibly focused and responsible team.
WA1 reached $10 on Friday but in 18months time when they start mining -who knows !
May make my first million before I reach 80 yet !!
cheers
RCW1
thanks.
Being a swing trader it could have been better if I had not been selling them (got some at 15cents at one stage!).
Have made $8441.82 profit from them so far but, who knows what it would be if I had held on to them (currently running my portfolio at 6.21% profit !)
And so the decision from here on is to wait it out, or keep picking up small gains regularly.
If they stabilise at the $9-$10 range it's a sell/buy, if they continue upward momentum then it's a hold.
cheers
thanks.
Being a swing trader it could have been better if I had not been selling them (got some at 15cents at one stage!).
Have made $8441.82 profit from them so far but, who knows what it would be if I had held on to them (currently running my portfolio at 6.21% profit !)
And so the decision from here on is to wait it out, or keep picking up small gains regularly.
If they stabilise at the $9-$10 range it's a sell/buy, if they continue upward momentum then it's a hold.
cheers
Hey m8, rcw1 is a fast/swing/everything trader... ha ha ha ha have dabbled in WA1
$8441.82 is coin in your pocket and not paper money, if you know what rcw1 means. Having said this yeah... understand exactly what you are saying.
EDIT: research and be careful.
kind regards
rcw1
Wow
WA1 RESOURCES LTD
ASX: WA1Share: Materials, MaterialsLast Price (AUD)$12.150
Today's ChangeUp$2.430 (25%)
- Bid / Size $12.100 / 2,000
- Offer / Size $12.200 / 4,674
- Volume1,331,559
- Trades6,054
- Value$15,346,951.720
- Open$9.800
- High$12.410
- Low$9.760
- Previous Close$9.720
- Last Traded4:11:00 PM, 21 Dec 23
Yes it was quite a day for WA1.
I have a small holding and it was on the shortlist for the 2024 c/y comp.
The announcement a couple of days ago wasn't really anything of note compared to the high grade main deposit.
A potential catalyst is the met testing which was to commence Q4 2023, but now Q1 2024
The last few presentations are worth a read, Niobium is little known but has some properties that enhance batteries and steel.
Very few suppliers.
It'll be interesting what the next few days bring.
Edited met testing date after checking
1st pick in the 2024 comp.
I was tossing up between this and a goldie.
WA1 has run up about 50% the last week or so, I wouldn't Buy it in those circumstances but here I am putting it in the comp.
They have a Niobium deposit in W.A., in the West Arunta area, west of Alice Springs and just over the border.
Niobium has usage in the battery and steel industries. It makes for better steel and better batteries.
It is on the US critical mineral list.
80% of supply comes from Brazil.
Short term catalysts could be met results and there is always the potential for gina, twiggy, or chris to get excited.
The grade is marvelous and the depth is shallow, a beautiful blanket.
Management are understated.
Plenty to like, but Niobium is currently a small market
I was tossing up between this and a goldie.
WA1 has run up about 50% the last week or so, I wouldn't Buy it in those circumstances but here I am putting it in the comp.
They have a Niobium deposit in W.A., in the West Arunta area, west of Alice Springs and just over the border.
Niobium has usage in the battery and steel industries. It makes for better steel and better batteries.
It is on the US critical mineral list.
80% of supply comes from Brazil.
Short term catalysts could be met results and there is always the potential for gina, twiggy, or chris to get excited.
The grade is marvelous and the depth is shallow, a beautiful blanket.
Management are understated.
Plenty to like, but Niobium is currently a small market
WA1 have raised $40m @ $10. Quick and well subscribed.
"Strong support from existing and new institutional investors"
They look to have a great Niobium resource,
Metallurgical test results(Q1) and MRE in Q2 this year are the next catalysts.
Niobium is listed as a critical mineral.
There is an equity raise presentation today that gives a good overview.
"Strong support from existing and new institutional investors"
They look to have a great Niobium resource,
Metallurgical test results(Q1) and MRE in Q2 this year are the next catalysts.
Niobium is listed as a critical mineral.
There is an equity raise presentation today that gives a good overview.
@debtfree
Who would have thought, down 16% since start of the comp.
WA1's latest release on 2/2/24 was another good set of drill results.
Unlike most explorers, WA1 is understated in reporting, they put them in hole number order. You have to go down to the 8th result to read the best one. 3.8%.
Drilling to recommence this month and metallurgical testing is underway.
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Quick chart update
@debtfree
It's been a quiet month for WA1, Regal increased their holding from 8.5% to 10.5% but not much else to report.
Met testing is due this 1/4, only 1 trading day left.
Most metals have 70/80/90%+ recovery rates.
Niobium averages about 60% recoveries, it'll be interesting to see how the market reacts to the announcement.
Continue to hold
It's been a quiet month for WA1, Regal increased their holding from 8.5% to 10.5% but not much else to report.
Met testing is due this 1/4, only 1 trading day left.
Most metals have 70/80/90%+ recovery rates.
Niobium averages about 60% recoveries, it'll be interesting to see how the market reacts to the announcement.
Continue to hold
Dona Ferentes
A little bit OC⚡DC
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12c in July 2022, and over $20 now, has even been higher.
.
At a recent conference, the West Arunta carbonatite mineralisation discovery was described as the "most exciting in years", with a drilling program delivering successive resource upgrades.
MD Paul Savich said the project was likely to overcome the tyranny of distance, but many others in the nearby West Arunta region may need government help or multi-user infrastructure to be viable.
“We’re in a new part of Western Australia. It hasn’t got any infrastructure,” he said.
“Common user infrastructure is what we need out where we are and hopefully the bar for the first project out in the West Arunta, is really, really high and Luni can shoulder that burden.
“But in time with more infrastructure, hopefully the bar keeps getting lower, and it’s a really well-endowed belt. There are others out there exploring. People are going to find more things.
“We just need to enable other projects to come online. Any assistance we can get is something that’s needed for the region.”
WA1 will publish a maiden resource estimate for its Luni deposit this year.
.
At a recent conference, the West Arunta carbonatite mineralisation discovery was described as the "most exciting in years", with a drilling program delivering successive resource upgrades.
MD Paul Savich said the project was likely to overcome the tyranny of distance, but many others in the nearby West Arunta region may need government help or multi-user infrastructure to be viable.
“We’re in a new part of Western Australia. It hasn’t got any infrastructure,” he said.
“Common user infrastructure is what we need out where we are and hopefully the bar for the first project out in the West Arunta, is really, really high and Luni can shoulder that burden.
“But in time with more infrastructure, hopefully the bar keeps getting lower, and it’s a really well-endowed belt. There are others out there exploring. People are going to find more things.
“We just need to enable other projects to come online. Any assistance we can get is something that’s needed for the region.”
WA1 will publish a maiden resource estimate for its Luni deposit this year.
@debtfree
It is remote.
Their late April results shows the extension drilling to the SE returning good grades and infill drilling with no surprises.
Also some TREO's for the rare earth junkies.
They state An initial Mineral Resource estimate remains on schedule for the current quarter.
Argonaut have research available, i don't have access but there is a paragraph available on Argonaut's website.
Waiting for the MRE, then can do some rough numbers.
@debtfree
Sold these today.
Still like the project, it’s an outstanding discovery, but with $1B mcap thought it best to stand aside.
Missed the top.
With Niobium becoming the hot new thing I expect a few of the minnows to start reporting hits, RR1 being the perfect example, a 5 day trading halt for rock chip samples.
Sold these today.
Still like the project, it’s an outstanding discovery, but with $1B mcap thought it best to stand aside.
Missed the top.
With Niobium becoming the hot new thing I expect a few of the minnows to start reporting hits, RR1 being the perfect example, a 5 day trading halt for rock chip samples.
Sean K
Moderator
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Great work houtman. When did you first buy it?
