Seems every time the SP hits 9c the Co. issues more shares and options! Another 50 mil shares and options today.
I know they need to raise capital though an over 10% dilutions is always going to hit SP big time - reduces value of resource per share and hence potential dividend (and hence SP) bigtime.
No wonder the rapid turnaround in sentiment at 9.4c!
One wonders whether there is someone acting for WMT buying the price up to 9c every time they want to raise capital - though would rather raise at 9cps than 8cps!
WMT
western metals limited
