WME 11.5% 14.5¢ west australian metals ltd

15 cent resistance, page-11

  1. 170 Posts.
    Firstly, I hate seeing directors sell. Sends the wrong message to people putting their hard earned into the company.

    However, the last couple of weeks have been particularly odd for WME. I think you will find there is a reasonable explanation for this.

    Clearly some moving and shaking was required to force the sellers hand and this was perhaps a necessary evil. With the selling now finished, some stability should be restored to the share price.

    To clarify again, BTV has not sold any shares. Biddle is, however, a BTV director. He's an experienced campaigner and wouldn't be trading his stock for the tiny profit, despite the obvious outcome. He knows what it looks like. After a torturous year of unwanted Board instability (which has lead us to where we are now) - I have no doubt that this was a strategic move which was approved by the full Board!!!

    All good folks, we'll be pushing 20's within a couple of weeks, particularly once the licence renewal is announced. We must also be due some drilling results in coming weeks.

    This is a junior miner and you need to understand how this game is played to be able to sleep at night.

 
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