... :)
well, my point is that no-one
actually 'knows' where the stock
is going...
the best we can do is speculate
and with spec stocks my experience
has shown that one should always
consider downside first
the cash on hand should give no great
comfort as it was raised, not earned,
and is earmarked for exploration. they
now have to get to a point where the
company starts creating earnings,
profitably, before the cash runs out.
should things not work out then
current cash on hand allows for a pps
of around 0.05c - 0.06c and the rest
is pure hope...
that said, good news and solid accumulation
will certainly lift the price but whether or
not that rise can be sustained depends on
more than just good exploration results
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- some nice accumulation today...
WMT
western metals limited