WMT - Western Metals

[zt3000]

This stock would have done well had this been released yesterday ... bad timing i guess.

 

[mickqld]

I am having a little trouble trying to read between the lines on this clawback agreement with BHP. Someone correct me if I am wrong but I am interpreting it to mean if WMT comes across a significant find then basically BHP can buy it back for about $4 million.

 

[UMike]

It's the only one I hold that's green today. The safe blue chips aren't giving me a feeling of security

Same here....

And I only bought it today.

 

[vert]

Breaking out today high 0.185 last 0.18 vol 29 mil. Looking positive every time a big wad gets sold buyers snap it back up.

 

[chris1983]

Breaking out today high 0.185 last 0.18 vol 29 mil. Looking positive every time a big wad gets sold buyers snap it back up.

Thats what happens when you get ties with BHP Look at APG and MPO.

 

[chris1983]

Looking really good guys. I saw these at 2 cents. Too bad it took me too long to act. got onboard at 14.5.

I didnt like them at 2 cents though..when I saw the uranium epls issued in the US thats what grabbed my attention.

 

[chris1983]

Going strong. We are so going to break 20 soon. The volume for the last 3 days has been excellent.

 

[nizar]

Going strong. We are so going to break 20 soon. The volume for the last 3 days has been excellent.

I remember this thing did 300million once on its way from 5.9 to 10c

 

[chris1983]

I remember this thing did 300million once on its way from 5.9 to 10c

Yeah I know..this one is always heavily traded. I remember when I kept saying to myself how useless this stock was. No matter what I thought though..they have continued to go up. They have expanded their Uranium tenements into the US and they now have ties with BHP. I couldnt ignore that anymore but I dont know if I'm going to hold this one long term.

 

[nizar]

yeah I know..this one is always heavily traded. I remember when I kept saying to myself how useless this stock was. No matter what I thought though..they have continued to go up. They have expanded their Uranium tenements into the US and they now have ties with BHP. I couldnt ignore that anymore but I dont know if I'm going to hold this one long term.

I reckon hold it as long as it keeps going in the right direction

 

[hector]

Looking really good guys. I saw these at 2 cents. Too bad it took me too long to act. got onboard at 14.5.

I didnt like them at 2 cents though..when I saw the uranium epls issued in the US thats what grabbed my attention.

Hi Chris,

I'm back in at 14.5 too. I had bought at 10c and a contingent sell at 17c which should have triggered 13th Feb. When I found there was a stuff up I was so peed off I just sold at market later the same day. Bought in again recently, although I see some lucky skunk has got in at 12c on the 28th Feb.

Expecting WMT to trade inside 16.5 and 19c for a few days, and a break up late next week. If it breaks down I'm out, but if up....! :guitar:

 

[mickqld]

After the recent JV ann. with BHP just read the following from Resourceinvestor.com and youll see why this one is going into bluesky territory after April.

April 29 - A Day to Watch for Uranium Investors

By Chris Gilpin
28 Feb 2007 at 12:13 PM GMT-05:00

STOWE, Vt. (Casey Research Advertorial) -- For more than 20 years, Australia - with its rich uranium resources - has been largely closed for yellowcake mining. But now the country may be preparing to open its doors to junior uranium explorers and producers, which, in view of the Cigar Lake breakdown, would be a major step to ramping up production in the foreseeable future - and could provide some excellent investment opportunities.

Australia is poised for a breakout in uranium production. The land down under hosts 36% of the world’s reasonably assured uranium resources (recoverable at low cost) - more than any other country - and yet it accounts for only 23% of global output. But that picture could change drastically in the next few years.

The current opposition party in Canberra - the federal wing of the Australian Labour Party - could have the largest influence on the future of the uranium industry. Their leader, Kevin Rudd, supports a rethinking of Labour’s opposition to uranium mining. The federal Labour conference takes place on April 27-29 and will be a pivotal event for Australian uranium politics.

Why? A federal election must occur in Australia sometime in the second half of 2007. Kevin Rudd is a popular figure, and polls show that Labour has pulled ahead of John Howard’s ruling coalition for the first time in years. The last Morgan poll gives Labour 48% of the popular vote, while John Howard’s coalition sits at 38%.

Labour holds the balance of power in each and every one of Australia’s states and territories. Its regional governments’ attitudes toward yellowcake vary. New South Wales and Victoria ban all uranium-related industrial activity, even exploration. Queensland and Western Australia straddle the fence, allowing uranium exploration but not uranium mining. Tasmania has no ban in place, but has never drawn interest from uranium explorers. Only South Australia and the Northern Territory (neighbours in the middle of the continent) have allowed uranium mining.

Here’s why the April Labour conference could be a game-changer: Queensland’s premier, Peter Beattie, says that his state will fall in line with the policy that reaches consensus at April’s gathering, which could signal an immediate boon to companies working in that province.

The stakes are enormous. Because of past governmental disincentives, few of Australia’s prospective uranium regions have been explored with up-to-date technology. There’s big potential for a significant discovery in the Northern Territory, where, according to a November 2006 report by the Northern Territory Minerals Council, only 20% to 25% of the prospective rock units have been effectively explored.

Most likely this holds true for other regions of Australia as well. Today airborne electromagnetic surveys can yield useful data from ten times deeper into formations than they could in the 1970s. Many authorities, including the Uranium Information Centre and Geoscience Australia, believe that past exploration was superficial by today’s standards and that there are several resources at depth waiting to be found.

A look at history makes it even more apparent how groundbreaking Labour’s potential change of attitude could be. In 1984, the federal Labour government instituted the “three mines policy,” which was intended to eventually end all uranium mining in Australia. The law stipulated that only the three uranium mines in production at the time would be given permits to export uranium: the Olympic Dam project (the world’s largest uranium mine) in the state of South Australia, and the Ranger and Nabarlek mines in the Northern Territory. Provisional approvals for other would-be uranium mines were cancelled. Labour’s notion was that when the three producing deposits had been exhausted, uranium mining in Australia would be finished for good. Exploration cratered, and today Australia’s known resources are little changed from what they were 20 years ago.

After John Howard’s coalition government swept into power in 1996, it scrapped the three mines policy. But because state and territorial governments were all dominated by the Labour party, the industry still made little progress. In fact, the Nabarlek mine had already shut down in 1988, leaving only two mines in operation. In 2000, the Beverley mine in South Australia opened, bringing the number back up to three. And today there is the prospect that SXR Uranium One’s [TSX:SXR] Honeymoon project will become Australia’s fourth uranium mine. SXR Uranium One received its export permit from the federal government in January of this year, an essential step for uranium production in a country that hosts no nuclear facilities.

With Labour threatening to win the 2007 federal election, that party’s stance on uranium will be pivotal for Australian exploration companies and, indeed, for the global uranium market as a whole. This April’s conference will provide crucial clues as to the shape of things ahead.

Copyright © Casey Research 2007

Chris Gilpin is a senior researcher for Casey Research, publishers of the Casey Energy Speculator, one of the world’s leading monthly newsletters dedicated to uncovering junior oil, gas and uranium companies poised for significant increases in production and share appreciation.

 

[mickqld]

This article will see WMT into the stratosphere in 12 months

Uranium Resources: The Right Projects, the Right Area, the Right Time?
LONDON (ResourceInvestor.com) -- Uranium Resources plc [AIM:URA] was established in 2005 to acquire a portfolio of uranium assets in order to take advantage of the rising demand for uranium. Since then it has acquired a share in 8 prospecting licences in Tanzania with a collective area of 7,000 square kilometres, which makes its land package somewhat larger than some American states; (think Delaware for example, which has an area of 6,450 square kilometres). It also has applications in the pipeline for two further licences covering 6,000 square kilometres.

In its investor presentation, URA claims to hold “the right projects, the right area, the right time”; a bold assertion but one for which a case can be presented. Certainly for the moment the market seem to be in implicit agreement; at today’s level of 6 pence the share price has almost quintupled in four months from its low of 1.25 pence in October 2006.

Before looking at URA’s claim in more detail a step back might be in order. Is uranium the right commodity?

The Right Commodity?

With the uranium price now at $85/lb, up $10 in a week, it seems an apposite time for bold claims about the commodity. This is the largest single increase since prices were first published in 1968, and there have been a number of articles and projections in Resource Investor and elsewhere predicting more increases to come.

World consumption of uranium concentrate is currently 180 million pounds which outpaces annual production of 100 million pounds …. and the shortage is expected to get worse. At the moment the shortfall is being met from government stockpiles which are rapidly dwindling.

There are currently 442 nuclear plants operating worldwide. A further 29 are under construction and over 100 more are in the planning stages.
Industry consultants Trade Tech are also very bullish, commenting on their website this week that, “While the year 2006 was unprecedented in terms of spot uranium price increases, with the spot U3O8 price almost doubling over the course of the year, the year 2007 may well eclipse the extraordinary price increases witnessed last year.”

In short, fundamentals for uranium look highly promising. Supply is constrained while demand is already some 65%-80% above primary supply. Demand growth for nuclear power is likely to rise on increasing fears about global warming, security of energy supplies and rising fossil fuel prices. Meanwhile the metal is relatively price inelastic; demand is broadly unaffected by price, as the cost of the required uranium for the reactors is low relative to the capital cost. Uranium could well indeed be the right commodity.

Back then to URA and its Tanzanian projects.

The Right Area? The Right Time?

Tanzania is geologically well endowed, with deposits of gold, base and ferrous metals, diamonds, gemstones, coal and a number of minerals such as phosphates, gypsum and kaolin.

Since liberalisation in 1986 the country has opened up, welcomed foreign investors and Tanzania now offers a number of advantages for mining. It is a politically stable multi-party democracy, nationals speak just one language (Swahili), there is a strong and transparent mining code, and a favourable tax regime. Foreign investment in the mining sector over the last 10 years has totalled $2.5 billion; gold has boomed with production up from 6,000 kilograms ten years ago to more than 45,000 kilograms in 2005. Mining now accounts for 2.7% of GDP and is projected to account for 10% by 2025. It is recognised as an important prop by the government both for economic growth and in the war against poverty. Tanzania now hosts a number of majors including Barrick [NYSE:ABX; TSX:ABX], Anglogold Ashanti [NYSE:AU] and De Beers, together with Australian gold miner Resolute Mining [ASX:RSG].

Despite the favourable geology there has been no uranium mining to date in Tanzania and uranium exploration in the country has only just begun to scratch the surface. There was some reconnaissance exploration conducted by the German company Uranerzbergbau from 1978-82, at the end of the last peak in uranium prices, who identified the area as highly prospective for uranium. Work was only resumed again in the last few years and today there are just a handful of uranium explorers in the country; besides URA and its JV partner Western Metals Ltd [ASX:WMT] these include Uranex [ASX:UNX] and Mantra Resources [ASX:MRU]. Paladin’s [TSXDN; ASXDN] Kayelekera project lies just over the border in Malawi some 150km west of URA’s projects but in a similar geological setting. Following completion of the bankable feasibility study Paladin recently announced its decision to proceed with developing a mine with an annual production of 3.3 million pounds of U3O8.

The low level of uranium exploration in Tanzania is illustrated by figures in a press release by Western Metals which quoted that uranium exploration expenditure in Tanzania has averaged $4 per square kilometre compared with $16 in Western Africa and $224 in the U.S.

The Right Projects?

URA’s eight projects are located in rural forested areas in three clusters in central and southern Tanzania, areas which are also used for hunting.

The projects, which lie between about 5 and 12 degrees south of the equator, have a tropical climate. Water is abundant - which, of course, offers huge advantages for uranium mining, but exploration work has to stop during the rainy season from November to March. The biggest issue is access; permission has to be obtained for roads and trees to be cleared.

The projects are held in two partnership arrangements:

URA has signed a farm in agreement for five of the licences whereby their partner Western Metals can earn 40% by spending A$2 million (US$1.6 million) in 2 years, and a further 20% by spending another A$2 million. URA has a free carry.

The remaining 3 licences and 2 pending applications are held in a 42.5% JV with Western Metals (also 42.5%) and a local businessman (15%). Again Western Metals conduct all the exploration.
Recent exploration results have been favourable. At Mtonya several anomalies have been identified along a 7km strike and assay results from grab samples have yielded high grade uranium; in the best case it was 55,600 parts per million (5.56%). More representative are the results from the channel samples which in the majority of cases ranged from 0.1%-2.2% uranium.

Results from the recent programme have significantly enhanced URA’s understanding of the target size and location of the sandstone hosted roll front style uranium mineralization. This has enabled a geological model to be developed which will be tested by the drilling programme in June.

The Right People?

The management team have extensive experience in Africa and in uranium. Director James Pratt is a Swahili-speaking geologist with 18 years experience in the industry including 3 years as Chief Mine Geologist for Resolute’s Golden Pride mine in Tanzania (the first modern mine in the country). He was also formerly MD of the Australian uranium exploration company Deep Yellow Ltd [ASXYL]. Fellow director Ross Warner is a lawyer who has specialised in corporate finance and listed seven companies on AIM. Technical consultant Dr Joe Drake-Brockman has more than 20 years experience in uranium exploration in Australia and Tanzania. He participated in the original uranium exploration in Tanzania in the late 1970s.

Next steps

The next field season begins in April after the rains. URA/Western Metals intend to hit the ground running with a busy schedule of further trenching work, airborne and ground radiometric studies and preparation work for drilling. Drilling itself will begin in June; URA hopes to have first results within a month and to follow these up with two further rounds of drilling with the aim of defining a JORC resource by the end of 2007. If all goes according to plan this will allow a BFS to be conducted next year.

In addition to the work on existing projects URA will progress its existing licence applications and will seek to evaluate potential opportunities to acquire further prospective land packages.

URA currently hold cash of £2.5 million (almost $5 million). The burn rate is relatively low as URA is free carried by Western Metals on five of the licences under the farm in arrangements so the cash should last for some time.

Valuation

URA is currently valued at £16.7 million (US$33 million). Key shareholders include Geiger Counter Ltd [LSE:GCL], Teather & Greenwood, and Patersons. URA is considering a listing on the ASX to promote additional interest and liquidity and to derive a valuations relative to the Australian uranium stocks.

So, do URA holds the right assets in the right area at the right time? It is early days yet, and investors may wish to heed yesterday’s RI article “Uranium Explorer Valuations Running Way Ahead of Progress” and note also the impact of the rainy season on progress and the dilution of URA’s holding by the various partnership arrangements.

Nonetheless it would seem that URA is exploring for a commodity with rising demand, constrained supply, falling inventories and a projected supply shortfall. They are offering a very significant land holding in a highly prospective but barely explored area in a stable country with a favourable mining code. They have early mover advantage. Early results have demonstrated high grades near the surface, URA has a rapid development plan, a partner to conduct the exploration work, considerable upside potential and there is the prospect of news flow in the months to come.

 

[Sean K]

Why specifically WMT, into the 'stratosphere' in exactly 12 months, Mick?

Looks like a ramp for WMT to me. Careful.

This article will see WMT into the stratosphere in 12 months

Uranium Resources: The Right Projects, the Right Area, the Right Time?
LONDON (ResourceInvestor.com) -- Uranium Resources plc [AIM:URA] was established in 2005 to acquire a portfolio of uranium assets in order to take advantage of the rising demand for uranium. Since then it has acquired a share in 8 prospecting licences in Tanzania with a collective area of 7,000 square kilometres, which makes its land package somewhat larger than some American states; (think Delaware for example, which has an area of 6,450 square kilometres). It also has applications in the pipeline for two further licences covering 6,000 square kilometres.

In its investor presentation, URA claims to hold “the right projects, the right area, the right time”; a bold assertion but one for which a case can be presented. Certainly for the moment the market seem to be in implicit agreement; at today’s level of 6 pence the share price has almost quintupled in four months from its low of 1.25 pence in October 2006.

Before looking at URA’s claim in more detail a step back might be in order. Is uranium the right commodity?

The Right Commodity?

With the uranium price now at $85/lb, up $10 in a week, it seems an apposite time for bold claims about the commodity. This is the largest single increase since prices were first published in 1968, and there have been a number of articles and projections in Resource Investor and elsewhere predicting more increases to come.

World consumption of uranium concentrate is currently 180 million pounds which outpaces annual production of 100 million pounds …. and the shortage is expected to get worse. At the moment the shortfall is being met from government stockpiles which are rapidly dwindling.

There are currently 442 nuclear plants operating worldwide. A further 29 are under construction and over 100 more are in the planning stages.
Industry consultants Trade Tech are also very bullish, commenting on their website this week that, “While the year 2006 was unprecedented in terms of spot uranium price increases, with the spot U3O8 price almost doubling over the course of the year, the year 2007 may well eclipse the extraordinary price increases witnessed last year.”

In short, fundamentals for uranium look highly promising. Supply is constrained while demand is already some 65%-80% above primary supply. Demand growth for nuclear power is likely to rise on increasing fears about global warming, security of energy supplies and rising fossil fuel prices. Meanwhile the metal is relatively price inelastic; demand is broadly unaffected by price, as the cost of the required uranium for the reactors is low relative to the capital cost. Uranium could well indeed be the right commodity.

Back then to URA and its Tanzanian projects.

The Right Area? The Right Time?

Tanzania is geologically well endowed, with deposits of gold, base and ferrous metals, diamonds, gemstones, coal and a number of minerals such as phosphates, gypsum and kaolin.

Since liberalisation in 1986 the country has opened up, welcomed foreign investors and Tanzania now offers a number of advantages for mining. It is a politically stable multi-party democracy, nationals speak just one language (Swahili), there is a strong and transparent mining code, and a favourable tax regime. Foreign investment in the mining sector over the last 10 years has totalled $2.5 billion; gold has boomed with production up from 6,000 kilograms ten years ago to more than 45,000 kilograms in 2005. Mining now accounts for 2.7% of GDP and is projected to account for 10% by 2025. It is recognised as an important prop by the government both for economic growth and in the war against poverty. Tanzania now hosts a number of majors including Barrick [NYSE:ABX; TSX:ABX], Anglogold Ashanti [NYSE:AU] and De Beers, together with Australian gold miner Resolute Mining [ASX:RSG].

Despite the favourable geology there has been no uranium mining to date in Tanzania and uranium exploration in the country has only just begun to scratch the surface. There was some reconnaissance exploration conducted by the German company Uranerzbergbau from 1978-82, at the end of the last peak in uranium prices, who identified the area as highly prospective for uranium. Work was only resumed again in the last few years and today there are just a handful of uranium explorers in the country; besides URA and its JV partner Western Metals Ltd [ASX:WMT] these include Uranex [ASX:UNX] and Mantra Resources [ASX:MRU]. Paladin’s [TSXDN; ASXDN] Kayelekera project lies just over the border in Malawi some 150km west of URA’s projects but in a similar geological setting. Following completion of the bankable feasibility study Paladin recently announced its decision to proceed with developing a mine with an annual production of 3.3 million pounds of U3O8.

The low level of uranium exploration in Tanzania is illustrated by figures in a press release by Western Metals which quoted that uranium exploration expenditure in Tanzania has averaged $4 per square kilometre compared with $16 in Western Africa and $224 in the U.S.

The Right Projects?

URA’s eight projects are located in rural forested areas in three clusters in central and southern Tanzania, areas which are also used for hunting.

The projects, which lie between about 5 and 12 degrees south of the equator, have a tropical climate. Water is abundant - which, of course, offers huge advantages for uranium mining, but exploration work has to stop during the rainy season from November to March. The biggest issue is access; permission has to be obtained for roads and trees to be cleared.

The projects are held in two partnership arrangements:

URA has signed a farm in agreement for five of the licences whereby their partner Western Metals can earn 40% by spending A$2 million (US$1.6 million) in 2 years, and a further 20% by spending another A$2 million. URA has a free carry.

The remaining 3 licences and 2 pending applications are held in a 42.5% JV with Western Metals (also 42.5%) and a local businessman (15%). Again Western Metals conduct all the exploration.
Recent exploration results have been favourable. At Mtonya several anomalies have been identified along a 7km strike and assay results from grab samples have yielded high grade uranium; in the best case it was 55,600 parts per million (5.56%). More representative are the results from the channel samples which in the majority of cases ranged from 0.1%-2.2% uranium.

Results from the recent programme have significantly enhanced URA’s understanding of the target size and location of the sandstone hosted roll front style uranium mineralization. This has enabled a geological model to be developed which will be tested by the drilling programme in June.

The Right People?

The management team have extensive experience in Africa and in uranium. Director James Pratt is a Swahili-speaking geologist with 18 years experience in the industry including 3 years as Chief Mine Geologist for Resolute’s Golden Pride mine in Tanzania (the first modern mine in the country). He was also formerly MD of the Australian uranium exploration company Deep Yellow Ltd [ASXYL]. Fellow director Ross Warner is a lawyer who has specialised in corporate finance and listed seven companies on AIM. Technical consultant Dr Joe Drake-Brockman has more than 20 years experience in uranium exploration in Australia and Tanzania. He participated in the original uranium exploration in Tanzania in the late 1970s.

Next steps

The next field season begins in April after the rains. URA/Western Metals intend to hit the ground running with a busy schedule of further trenching work, airborne and ground radiometric studies and preparation work for drilling. Drilling itself will begin in June; URA hopes to have first results within a month and to follow these up with two further rounds of drilling with the aim of defining a JORC resource by the end of 2007. If all goes according to plan this will allow a BFS to be conducted next year.

In addition to the work on existing projects URA will progress its existing licence applications and will seek to evaluate potential opportunities to acquire further prospective land packages.

URA currently hold cash of £2.5 million (almost $5 million). The burn rate is relatively low as URA is free carried by Western Metals on five of the licences under the farm in arrangements so the cash should last for some time.

Valuation

URA is currently valued at £16.7 million (US$33 million). Key shareholders include Geiger Counter Ltd [LSE:GCL], Teather & Greenwood, and Patersons. URA is considering a listing on the ASX to promote additional interest and liquidity and to derive a valuations relative to the Australian uranium stocks.

So, do URA holds the right assets in the right area at the right time? It is early days yet, and investors may wish to heed yesterday’s RI article “Uranium Explorer Valuations Running Way Ahead of Progress” and note also the impact of the rainy season on progress and the dilution of URA’s holding by the various partnership arrangements.

Nonetheless it would seem that URA is exploring for a commodity with rising demand, constrained supply, falling inventories and a projected supply shortfall. They are offering a very significant land holding in a highly prospective but barely explored area in a stable country with a favourable mining code. They have early mover advantage. Early results have demonstrated high grades near the surface, URA has a rapid development plan, a partner to conduct the exploration work, considerable upside potential and there is the prospect of news flow in the months to come.

 

[chris1983]

I'll hold for awhile. I dont know about this one long term. Hopefully they go up a lot before Extracts consolidation then I'll make a quick switch. It really depends on what WMT continue to report. They may continue to expand their uranium assets in the US which is very important. They are in a good region there.

 

[mickqld]

Sorry Kennas I retract my "bluesky" & "stratosphere" statements I just got a little excited considering the exposure that this company is attracting. Can I just say considering both articles do directly apply to WMT situation that it may lead to an increased share price. I thought ramping was just saying something will go up without providing any valid reasons. I thought both those articles were showing some validity to my statements.

 

[clowboy]

Rudds popularity took a dive yesterday though.................

 

[UMike]

Sorry Kennas I retract my "bluesky" & "stratosphere" statements I just got a little excited considering the exposure that this company is attracting. Can I just say considering both articles do directly apply to WMT situation that it may lead to an increased share price. I thought ramping was just saying something will go up without providing any valid reasons. I thought both those articles were showing some validity to my statements.

Maybe Kennas was saying that the article was a ramping article.

I hold A small parcel of WMT and am happy holding.

 

[Uncle Barry]

Good evening.
Mickqld, thanks for the great well researched report.
Which gives a further insight to WMT and its huge potential future.

Mr Moderator, sorry, but how could Mick's report/posting ever be considered ramping either up or down ?

As he supplies facts, and depth to his posting, not the silly one line nothing that all to often appears on Forums.
And inturn has helped me, as surely he would have helped others.

His use of words, only added to his feelings about the stock and its potential, surely.
And if he had written a one line ramper, like so many do and used his discriptive wording, then surely he was doing the 'wrong' thing. But he wasn't.

Kind regards,
Barry
Disclaimer : I hold a wee bag of WMT Stock.

 

[Sean K]

Sorry Kennas I retract my "bluesky" & "stratosphere" statements I just got a little excited considering the exposure that this company is attracting. Can I just say considering both articles do directly apply to WMT situation that it may lead to an increased share price. I thought ramping was just saying something will go up without providing any valid reasons. I thought both those articles were showing some validity to my statements.

Cheers Mick. There were definately parts of the article applying to WMT, and I know it's hard not to embellish sometimes when we're excited about our stocks. I was just trying to make sure the excitement wasn't going to get out of hand.

Good evening.
Mickqld, thanks for the great well researched report.
Which gives a further insight to WMT and its huge potential future.

Mr Moderator, sorry, but how could Mick's report/posting ever be considered ramping either up or down ?

As he supplies facts, and depth to his posting, not the silly one line nothing that all to often appears on Forums.
And inturn has helped me, as surely he would have helped others.

His use of words, only added to his feelings about the stock and its potential, surely.
And if he had written a one line ramper, like so many do and used his discriptive wording, then surely he was doing the 'wrong' thing. But he wasn't.

Kind regards,
Barry
Disclaimer : I hold a wee bag of WMT Stock.

I welcome your support for Mick, Barry, I was just trying to keep it objective. My radar starts going bleep, bleep, bling, every time I see the words 'blue sky' and 'stratosphere' and so on, so I was only trying to bring us all back to reality. Just how high is the stratosphere anyway? 25 cents? All the best.