I'd be more worried about the slide of SP rather than Andy J, and preaching on HC.
FWIW:
1. BHP don't get involved with losers...err yes they do, they just don't commit resources to them. As I think Andy J mentioned, BHP are involved with an unthinkable number of JVs involving clawbacks.
2. Management team experience is the key to any stock. No Sh*t.
3. 4 company making projects with more to acquire.
Really? Is that factual? Think perhaps the word "potential" is missing.
4. 36 mill cash at bank and another 30 mill coming once options are exercised. Also a minor issue of another 71m shares.
5. Options exercise price 35 cents higher within 2.5 years. Not sure of your point here???
6. Proven highest grade U ever recorded already from rock chip sampling. Well I'll be, throw away the JORC compliance everyone, we have chip samples.
7. Largest U land holdings in Tanzania in the world.
8. Oxiana has 1.5 billion shares on issue and is 3.50....LOL not even worth commenting.
9. DYL has 1 billion shares on issue and hit 71 cents intra day high...also found nothing in NT and hit an intra day low of 7 cents...make no mistake, DYL will have issues with price stability going forward.
10. Only 8 week wait for potential one dollar return from U results, .....or a couple of days for this to hit a mass of stop loss triggers???? Cap Raising at 24c and 21c ring any bells?
11. Every buyer has a seller and someone is soaking...on the flip side every seller has a buyer, just not enough of them as is the case with the SP sliding.
12. Go back and read PDN posts on here in 2003 when it was 30 cents and had halved... Jeez that's original, the old "look at PDN" analogy. Why stop there, lets compare to BHP, RIO, Oxiana...oh no wait, you've done that already.
13. Believe in yourself for a change...starting to sound desperate. Personally I believe in the principals of risk v reward, fundamental analysis and a touch of technical for entry exit.
14. Believe in stronger for longer....starting to sound really desperate.
15. U spot price is not going lower sand much higher...based on points 1 to 14, minor detail. Market is slowly starting to wake up.
In a nutshell whats my point?
For every down ramper on HC theres a ramper, and vice versa. Does it impact the market? Highly doubt it. Why do we read HC? Some times I wonder, but personally I hope every once and a while we can have some constructive comments, whether they be positive or negative.
IMO if this struggled in a day of green across resources, next few two weeks will determine whether this sinks or swims, not sure market is prepared to wait 8.
WMT
western metals limited
