re: Ann: Western Metals to acquire Tanzanian ...
hey wizard
"Are any of these guys ever going to mine anything soon??,"
I dont follow all of those that you mentioned but Probaly not lol
Raising funds to develop a mine is near impossible atm unless you have something very attractive.
They are more likely to be taken over if there asset is attractive enough, or if they do mine may be a few years away yet.
We are in a complete differant trading world atm, use stop losses & dont be over bullish not matter how good the story is.
Take advantage of large spikes off there lows as the ones that bought on the lows will be taking profits & the sp will come back off.
Cashed up companies are the best bet & GOLD is the place to be this year.
I think by mid to late 2009 investors will be able to enter the market with a little more confidence as most of the bad news will be out there & the focus will be on the outlook of 2010 onwards.
Tough times for a few years atleast.
WMT Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
