KEEP a watch out for more movement at the Western Metals stable.
After raising $32 million mid-year they still have about $31.5 million in the bank and are clearly on the look out for more acquisitions.
On Thursday they acquired the former BHP Billiton nickel and base metals asset Snowbird in the Canadian north.
But the interesting thing is that Westerns could have easily raised $80 million earlier this year and has since hired Azure Capital to help out with the finer details of financing.
Why else would you appoint such hired help unless you plan to take over the world. Or at least make a concerted effort to improve your standing amongst the over-crowded junior end of the spectrum.
Ends.
Cheers, Pie :-)
WMT Price at posting:
0.0¢ Sentiment: None Disclosure: Held
