Of course people are going to upset at their paper losses but hey, there's no flies on these guy's. They are taking the long term view (if you can call getting a mining operation up and running in 3years long) They took the opportunity to raise a shed load of money at the right time. Imagine trying to raise that kind of cash in this environment and the sp flapping around at 8cents! For a start they would have to issue more than twice as many shares. They have used that money to purchase what could be a huge pay day for all shareholders , and paid imo next to nothing. 29mil might sound a lot now but will be peanuts if or when it starts operations. Not even starting on the other tenemants. So yeah, things are bad, so is the market, so is spot U, but imo they have thus far made some pretty savvy moves.My opinion only of course, but i'm entitled to it.
- Forums
- ASX - By Stock
- WMT
- directors credibility at stake
WMT
western metals limited
directors credibility at stake, page-9
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WMT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online