Well directors are doing 1 thing right & buying up some decent amounts, Peter Smith bought 1.1mil yesterday & another 1.1mil a few weeks ago, encouraging but we also need some strong broker support to come back into the stock, buy & hold:
Appendix 3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. 11/3/2002 Appendix 3Y Page 1 Rule 3.19A.2 Appendix 3Y Change of Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001. Name of entity: Western Metals Ltd ABN: 69 009 150 618 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director Peter Smith Date of last notice 4 February 2008 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Direct or indirect interest Indirect Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Held: • In Mr Smith’s Superfund Date of change 19 February 2008 No. of securities held prior to change 2,500,000 Ordinary shares (Direct) 286,750 Ordinary Shares (Indirect – Superfund) 3,430,000 Ordinary shares (Indirect – Ms Boland) 2,500,000 Unlisted options exercisable at 5 cents each expiring on 30 April 2011 (Direct) 6,000,000 Unlisted options exercisable at 35 cents each expiring on 30 June 2011 (Direct) Class Shares Number acquired 1,100,000 (Indirect – Mr Smith’s Superfund) Number disposed Nil Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation $102,131 Appendix 3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. Appendix 3Y Page 2 11/3/2002 No. of securities held after change 2,750,000 Ordinary shares (Direct) 1,386,750 Ordinary Shares (Indirect – Superfund) 4,300,000 Ordinary shares (Indirect – Ms Boland) 2,500,000 Unlisted options exercisable at 5 cents each expiring on 30 April 2011 (Direct) 6,000,000 Unlisted options exercisable at 35 cents each expiring on 30 June 2011 (Direct) Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back On-market trade Part 2 – Change of director’s interests in contracts Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change
WMT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
