The trend is very, very ugly.
A monotonous downtrend that does not look like slowing any time soon.
I free carry what I have left.
Company can't be far from cash backing now.
I'm afraid to agree that 5c is quite possible given the "star" lining up:
- U is currently despised by the market
- US is sinking fast and sucking the whole market down with it.
- Management seem to be doing very little - probably not wanting to spend too much money so they can pay their salaries for longer prior to the next CR.
- Diversifying with Copper, Tin and base metals was a good strategy, just that base metals and copper are not market favourites at the moment either, so no value added to SP for that.
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western metals limited
who sees wmt as slipping worse, page-16
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