WME west australian metals ltd

another solid up day

  1. 5,331 Posts.
    good to see it hold above 22 cents and with the drive up over the last week past previous resistance of 19c the gaps have been filled with buy orders of 100k all the way from 19c to 22.5c.

    Also have chopped the sell side from around 4.5 million down to just over 2 million and at one stage around 1.5 million.

    Hopefully the new support level can be formed at 22c it was encouraging the off screen buying coming in when it started to look a little weak at 22c.

    Should have a look at the 24c level sometime this week providing the US markets behave themselves, before setting up a run towards 30c to correspond with the release of the drilling results over the next couple of weeks.

    Should be a very interesting couple of weeks with many people not realising the fact that WME has such a large Uranium deposit and when the latest drilling results are released it will be firmly in focus.

    Just an example of how far under the radar WME is when people compile lists of uranium exploration companies WME rarely if ever gets a start, which is good in a way because it has given us the chance to accumulate at such a low entry price.

    But with traders scouring the market for new uranium plays it will only take one announcement for WME to jump into the spotlight!!
 
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