WMT western metals limited

western metals gold development focus, page-33

  1. 138 Posts.
    stumacca

    There are 650 million shares in issue and the '13' you refer to may between them probobly only own less than .1 of a percent of the shares. Given there are few major shareholders that is probably quite right. So your 13 are far from a major voice, in fact more like a mouse squeak.

    I am not blindly in favour of a consolidation I just dont think its that relevant. I personally think the main objection is some PI's obsession with numbers. They see 100,000 shares down to 10k as some kind of dilution which is rubbish.

    U exploration is a poor investment and you cannot shake that, WMT are looking to change the focus using their cash position, easier option would be to moan like most of the 13.

    I hope the company succeeds, one thing is certain the 13 will not influence the vote.
 
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