Vodka, I partially agree with your comments, the market is always right, and the current SP of any stock reflects, its current worth. Key word is CURRENT ie. right now, instantaneous. The long term SP will also be as the market gauges the SP to be worth but may not reflect previous individual judgements.
Have a read of the following Investment Comment extract from Dec-Uranium report and you may understand why so many of us also agree WMT’s share price will have more support and grow in 2008
"...Investment Comment: WMT has a growing pipeline of drill ready targets. It has an experienced and well respected board and management team to support ongoing M&A and project advancement. Large drill programs are planned in 3 project regions through 4Q08 – all relatively shallow, viz., Mtonya (20,000m, Tanz.), Glade (10,000m, USA) and Georgetown (10,000m, QLD). WMT in particular has achieved encouraging drill results at its most advanced prospect (Mtonya - Henri) where there is potential for further rapid exploration advances. Given the positive mid term outlook for the uranium price and potential for rapid project advancement in Tanzania, WMT’s share price appears to have a solid base for appreciation into 2008. The Zeehan tin project is being divested..."
WMT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
