I honestly do not understand our market as a whole nor its isolated response to WME? the recent news from management is outstanding yet no impact in the SP has been experienced. the initial resource has nearly tripled without impact on the SP. I wonder if someone out there would mind doing a calculation based on the current resource estimate / long term contract price and current market capitalisation. I think we'll find an astonishing gap between the current and real value of WME. What will it take to move if the current news has no worth? My guess is a takeover and Areva won't look at us till a full JORC resource is calculated, so based on that we could be looking at between 1 and 2 years for any real return. I'm thinking my money may be better valued in another stock and consider re-visiting here at a much later date? Any thoughts on this would be appreciated.
WME Price at posting:
0.0¢ Sentiment: None Disclosure: Held
