WMT western metals limited

Paschal,Out of charting context..WMT is of Ascent stable right?...

  1. 594 Posts.
    Paschal,

    Out of charting context..

    WMT is of Ascent stable right?

    And recently Ascent recap RMG and Gary Stienepress is on board , in order to get things moving, RMG will need to raise capital sooner or later correct?

    now, would you trust Ascent again if they let WMT slide in light of recent ann by RMG?

    Ascent can hide behind the “RISK in STOCK MARKET”, but I believe that WMT, BLR performances, etc etc, is somewhat connected to Ascent credibility, even when there are opinions that say the falls thus far is cause by the sspp and the freebies given to wmt mates.( a fair and reasonable thoughts I reckoned)

    On top of that, URA (of Ascent stable) is planning a dual listing on ASX, and the only promising projects URA has is the tenement in Tanzania concurrently with WMT

    if you said that RMG is Ascent’s baby, how on earth could Gary explain to shareholders when they want to raise capital for RMG and the dual listing planned on ASX for URA, if the slide has not been taken care of, which might conclude that there is more than skin deep?? Again, would you trust Ascent one more time?

    Probably July and August will be the moment of truth, considering that they will have to announce as whether there are possible U and Gold and the southblock results in Queensland, the U drill results in Tanzania, the projects development with GIP in Tasmania, etc etc….

    As for Peter Geoff and George, I reckon they have more interest in seeing the sp maintained at the current level (perhaps they will see it to the Fibo 61.8% retracement) and as far as the work they have done, they deliver the ann quite right on schedule and nothing has change thus far.

    As how the curve will go next, I am not a chartist, but up or down, we can only guess.

    Just my thought Paschal and anyone comments would be appreciated









 
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