WME 11.5% 14.5¢ west australian metals ltd

been relatively quiet all day then out of nothing a couple of...

  1. 5,331 Posts.

    been relatively quiet all day then out of nothing a couple of very large buy orders appearing, very interesting. Today seemed to be one of consolidation then all of a sudden we could be pressing towards yesterday mornings highs. If the large buyer wants in he will have to go up to 24-24.5c which would be the last resistance point before the run towards 30c and higher.

    Maybe a couple of institutional buyers are taking a punt on the fact WME will one day be one of the new junior uranium producers coming out of Africa

    Or news is spreading about the fact that they are sitting on a pre JORC resource of 18 million pounds of uranium which is larger than some of their more fancied explorers.
 
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