WMT western metals limited

stumacca There are 650 million shares in issue and the '13' you...

  1. 138 Posts.
    stumacca

    There are 650 million shares in issue and the '13' you refer to may between them probobly only own less than .1 of a percent of the shares. Given there are few major shareholders that is probably quite right. So your 13 are far from a major voice, in fact more like a mouse squeak.

    I am not blindly in favour of a consolidation I just dont think its that relevant. I personally think the main objection is some PI's obsession with numbers. They see 100,000 shares down to 10k as some kind of dilution which is rubbish.

    U exploration is a poor investment and you cannot shake that, WMT are looking to change the focus using their cash position, easier option would be to moan like most of the 13.

    I hope the company succeeds, one thing is certain the 13 will not influence the vote.
 
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