This sort of price movement usually means accumulation prior to an announcement which in this case may be news on stage-2 development at Mt gordon? Certainly an amazing recovery from its lows of 1.1c on November and more recent lows around 1.7c (now trading over 3c). I previously held but got out around this price level. The company has certainly come a long way since I held many months ago esp with its recent revised debt rescheduling; In any other market I would have been a buyer upon its recent announcement of debt rescheduling although in this market I will be out until well into next year; too many subjective risks.. What a run up however!!!
Regards
WMT
western metals limited
on fire, page-3
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