still... this is all the same as last year when the share went from 4c to 1.6c... right?
the company just shut up, nothing heard for 2 months, it went pretty flat around 2c until september, and the rest is history...
why people panicking? cant they just look at the announcements and sp performance this time last year?
surely the company doesnt care about price falls in the last quarter since they got their money, and this is all they'll need to advance their projects from hereon, for another year.
people might be saying... OHH THEY'VE RIPPED US ALL OFF AND GONE INTO HIDING... but really the share price would probably have fallen anyway, like all the specs this time of year.
they knew the price would fall, so they got the cash they'll need for later at the most opportune time! of course they are letting the share flop at the moment, but what has changed...?
the directors and projects are still the best in the sector, just as everyone was shouting about before may!
the point is, they have the cash now, nothing has changed, and we are coming out of the shi ite time of year.
it might go lower, maybe 16c, and I'll be crying too, but I havent sold because of the above points.
it went from 4c to 1.6c last year, so why not go from 40c to 16c this year? it doesnt matter because the company is even better than last year, and will get much better than april.
WMT
western metals limited
still... this is all the same as last year when the share went...
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