I was one of those expressing my feeling that this was stationary until May when the SP was 9c, after having watched it move between 7 and 9c for two months.
On fundamentals alone my opinion was probably justified, though I didn't count on it becoming the darling stock of the ASX on the back of some great market spin announcements.
Now It has made its own momentum - and its ability to raise capital means it is now likely to get into production - interesting positive feedback
Ramped/hyped SP on shaky fundamentals -> SP increases -> company can raise money effectively with little dilution -> company has funds to fund successful ventures -> company now has solid fundamentals. So WMT has risen above other specs and is heading for success BECAUSE of ramping that has increased SP.
Therefore the anticipation of success that made the SP rise has played a big part in actually making WMT (likely) successful.
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WMT
western metals limited
I was one of those expressing my feeling that this was...
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