WMT western metals limited

again

  1. 20,449 Posts.
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    Just have to look at the depth to say were pretty stuffed for now, last 8.6 no support at all, managment may be doing the right things getting the projects drilling but this share price is a total disaster, to be heading back to yearly lows is simply not good enough, especially for a spec stock thats in one of the best positions drilling two projects with a mountain of cash on hand.

    As you can see by the sell side there is only 2.2mil to sell below .10 that is nothing for a 1.3cent spread, showing the market generally does not want to sell this down but is being forced to by stop loss & lack of support.

    We can blame this on the markets heading down but we all know thats not the total blame, the market recoverd well & WMT still struggled to maintain a .10+ share price, multiple pump & dumps have only continued to kill interest in WMT as the share price is manipulated down again, WMT needs a on market backer very urgently so there "faithfull" investors have more of a reason to hold.

    With tanzania uranium results due end of June/early July & parys deal to be finalised in July there is more reason to be buying then selling, we just need some real broker/insto interest now as WMT has managed to lose to much market support.


 
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Currently unlisted public company.

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