Hi Woddonnee
OK I must admit I'm being too overly cautious.
Now I'll look at it from another angle. I see the first tranche of share placement back in Nov 06 was 36.5m shares at 9c. The second tranche placed in March 07 was 70.8m shares at 24c. If I ignore the value of the attaching options, the big boys (or smart money) got into WMT at the average price of around 19c per share. So at today closing price of 22c, the big boys are still enjoying a profit of around 15%. Not too bad a return on anyone language if you can get it.
I guess I will have to wait to see if I can do better than 19c before I get on board.
Just my thought.
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WMT
western metals limited
Hi WoddonneeOK I must admit I'm being too overly cautious. Now...
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