re: Ann: Western Metals to acquire Tanzanian ...
It would be nice to know more detail on the production time frame now. They stated that will come shortly though. wonder if it will be in time to take advantage of the high gold price , because when the markets improve my opinion is that people will be moving out of the safe bets ie,Gold and back to the norm sending gold back down. the deal may look cheap but is it a case of WMT getting into something at the top of the market. They had a close shave with the copper in Wales but squeezed out of that one. Seems to me they take on the flavour of the month.
WMT Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held