WMT western metals limited

some nice accumulation today..., page-32

  1. 434 Posts.
    ... :)
    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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Currently unlisted public company.

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