In relation to today there will be no significant down turn and even if it closes in the red I only think it will touch .31 or .315.
Second WMT will be close to $1.00 by September 2006.
Please bear in mind they have a multitude of projects not only with uranium exposure and all their exploration results will be forthcoming by late June till September 2007.
If at least four of these six projetcs have any positive news this should see the share price closer to $1.00. If you review some of my posts over the last six weeks I have already givne my hypotheseis on the share price.
Second in spec stocks the second crucial thing is management calibre. There are very few spec stocks with a management team quote like WMT.
They know how to raise capital, which brokers to talk to , when to release market information, when to travel to the U.S , which projects to udertake and even convince BHP to come on board.
Finally and probably the most important thing, they have over $30 Million cash in the bank. Over the years a number of specs have come and gone , one of the reasosn being shortage of cash.
These reasons are enough to push it closer to $1.00 and not to even forget the apetitie Aussie investors have for species and quick bucks.
These are what you look for in any spec stock.
WMT
western metals limited
