WME west australian metals ltd

I'm curious as to how any of us will see a profit from companies...

  1. 1,712 Posts.
    I'm curious as to how any of us will see a profit from companies like WME in the current market.

    I'm not involved with BLR but to put it in perspective they announced a 45million pound JORC compliant resource and take a look at their SP over the last two days. It raced on the news to 25c (roughly) and now is back to 16.5c. If we announce a 22million pound JORC resource at the end of the year what can we expect?

    If BLR is anything to go by i'm guessing a drop to 14-16c, although lets face it, at the current rate we'll be down there in the next couple days. There has been nothing encouraging me to believe that WME can go anywhere even with positive news.

    Small stocks are being smashed and combine that with the out of favour Uranium and we're holding onto a dud (in the current market). How if its piers are failing before it is WME going to change that trend?

    Thoughts please.
 
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