the frightening thing is that the market cap is still $50 mill.
at least they got some cash in the bank at present but if they start throwing money at dud projects they wont have it for long. and this is at a time when we are in a resources boom. only need to look at some tech stocks to see how low their caps can go when they are no longer flavour of the month.
history has a habit of repeating and i wouldnt be suprised if wmt ends up back in the 1cps range. what happened to all their "U" just down the road from PDN???
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WMT
western metals limited
here they go again, page-5
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