As with any speculative stock, there is a significant premium in the current share price. I would say WMT is fully priced at mid 20s. I bought a big chunk at 5.6 cents and have held while the herd pushed it up. I'm waiting to sell for CGT purposes, but I really wanted to sell above 40. Having said that, it really wouldn't suprise me if we see $1 within a few months. The traders have taken hold of this stock and it could go anywhere as they chase eachother around in circles.
Trading against the traders would be a lucrative exercise.
There is real value in the company, but that doesn't mean it's not fully priced already.
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western metals limited
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