WMT have got way too many stocks on hand. In fact the directors are not that smart releasing that many onto the market to raise capital. Its not like they need the $30+ mil up front. Would it not have been smarter to have kept this a tightly held stock, build momentum and slowly released a new offering as seen fit when they required money for further exporation. They have killed this stock in a big way, and the only way this will go forward is with significant news. Not the sort of dibble that states directors puchase more stoocks or WMT acquires new tenaments, but solid evidence that they have large deposits of Uranium in the ground. Yes I know they have a far diversified portfolio then just uranium but this is what the market wants to see. WMT are in a unique position that they dont have the mining restrictions in Tanzania like they do in Australia, so they should really be focusing on getting this into production with the Tanzanian government. Then and only then will this stock become a player. Otherwise the only way WMT will see the positive side of 20 cents is when the rest of the market is so bouyant that is naturally drags it up. By which time all the good stocks will be way over priced and a further correction will be required, and then WMT is smashed back down. WMT really needs to get its act together. Directors really stuffed this up big time!WMT have got way too many stocks on hand. In fact the directors are not that smart releasing that many onto the market to raise capital. Its not like they need the $30+ mil up front. Would it not have been smarter to have kept this a tightly held stock, build momentum and slowly released a new offering as seen fit when they required money for further exporation. They have killed this stock in a big way, and the only way this will go forward is with significant news. Not the sort of dibble that states directors puchase more stoocks or WMT acquires new tenaments, but solid evidence that they have large deposits of Uranium in the ground. Yes I know they have a far diversified portfolio then just uranium but this is what the market wants to see. WMT are in a unique position that they dont have the mining restrictions in Tanzania like they do in Australia, so they should really be focusing on getting this into production with the Tanzanian government. Then and only then will this stock become a player. Otherwise the only way WMT will see the positive side of 20 cents is when the rest of the market is so bouyant that is naturally drags it up. By which time all the good stocks will be way over priced and a further correction will be required, and then WMT is smashed back down. WMT really needs to get its act together. Directors really stuffed this up big time!
WMT
western metals limited
