WMT western metals limited

who sees wmt as slipping worse, page-16

  1. 2,988 Posts.
    The trend is very, very ugly.

    A monotonous downtrend that does not look like slowing any time soon.

    I free carry what I have left.

    Company can't be far from cash backing now.

    I'm afraid to agree that 5c is quite possible given the "star" lining up:

    - U is currently despised by the market
    - US is sinking fast and sucking the whole market down with it.
    - Management seem to be doing very little - probably not wanting to spend too much money so they can pay their salaries for longer prior to the next CR.
    - Diversifying with Copper, Tin and base metals was a good strategy, just that base metals and copper are not market favourites at the moment either, so no value added to SP for that.
 
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Currently unlisted public company.

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