WMT western metals limited

If the SP held ground at 40c I would agree with your notions...

  1. 455 Posts.
    If the SP held ground at 40c I would agree with your notions that WMT have created a "rod for their own back" by emphasising the U chip samples, but can you answer the following:

    - Are they under the laws of the ASX obliged to disclose results from the chip samples if the nature of the find is deemed market sensitive, and also is it not the market over reaction (and the people who bought at 40c) who have potentially made their own "rod", and not WMT per se?

    - Based on your comments, at some stage, there becomes a point where potential reward outweighs risk. I must admit, the chip samples are encouraging and there must be some value added to the SP as a consequence. So, my question is, at what price do you see WMT at a buy?

    IMO over the next fortnight, the market will answer this for me, but I'm interested in your pre-emptive thoughts nonetheless.

 
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