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WMT - Western Metals

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Purd2 said:
I am relatively new to all this stock and shares. But I have 4 parcels of WMT lowest @.037c and average of .079c. I have just sent an e-mail to friend and I have "penned" my thoughts to this share. I wonder if you think I am right?


I studied this last night. I re-read their announcements and studied the chart and I think they will still climb.
The most outstanding thing in their ann's is the constant reference to BHP,RIO and WMT. It doesn't matter which tenement, Tanzania, Peru or Denver those coys are mentioned. Now they are in QLD....BHP again.
Add to this the "tip" from Jim Dines and the fact that lumps of 8 million shares and 2 million shares were bought in separate hits yesterday...well I am sticking with them. That is I should say ..as opposed to selling a parcel and free carrying the rest. I reckon I can do that later at a higher price. Even if they do retrace a bit, as I suspect they will, they will finish in the long run above where thet are now.

What do you think? I must say though the chart looks VERY bullish from my meagre knowledge of charting.
Click to expand...

What is it that they announced that you think warrants the recent run? I haven't done much research into them, im just curious as to what lead to the run.
 
The trenching results in Tanzania,(shows up to 5% U) the copper resource in Peru, the U tnement in Denver, the fact they are well managed, they're switched on and are in the know in this business. I suspect those that know them are talking. Also Jim Dines....he has sent shares into orbit just by recommending them, can't remember the one I read about last night. I might be wrong but I reckon something is about to pop! Good luck to those that hold.
 
SP today looking great and was up 5 cents to 32 cents

Currently WMT $0.30 +$0.03 +11.11% high $0.32 low $0.29 22,290,552 6,874,715 07-Mar 10:14:19
 
Got stopped out... anyone wanna hazzard a guess on the close? Back up to 27c for a late run - or is momentum against it now?

Brad
 
BradK said:
Got stopped out... anyone wanna hazzard a guess on the close? Back up to 27c for a late run - or is momentum against it now?

Brad
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Could go anywhere. Looks like day traders cashing in and going to the pub to me.
 
BradK said:
Got stopped out... anyone wanna hazzard a guess on the close? Back up to 27c for a late run - or is momentum against it now?

Brad
Click to expand...

I think this one was heavily over hyped personally, i wouldn't be suprised to see this back at the 18 cent mark over the next couple of days. Someone made a killing off this one. Wish it was me. So glad i didn't buy however.
 
I'll be at the pub this arvo after 4 successful day trades on this one since Thursday! It had to end somewhere and i'm glad I got out on open this morning! Still has lots of potential but I agree its going down further until some more news is released
 
BradK said:
Got stopped out... anyone wanna hazzard a guess on the close? Back up to 27c for a late run - or is momentum against it now?

Brad
Click to expand...

Stopped out too (at 24.5c). Must admit I didn't expect it to dive there today.
 
the barry said:
I think this one was heavily over hyped personally, i wouldn't be suprised to see this back at the 18 cent mark over the next couple of days.
Click to expand...
Over hyped for sure. I doubt it'll get to 18 but low 20's is possible. I'd buy another small lot if that were to happen.

the barry said:
Someone made a killing off this one. Wish it was me. So glad i didn't buy however.
Click to expand...
And some are gonna lose big if it drops too much. $22 million plus traded today. :eek:

I'm really glad I bought and sold. Highlight of a very poor week and a bit.
 
the barry said:
What is it that they announced that you think warrants the recent run? I haven't done much research into them, im just curious as to what lead to the run.
Click to expand...

I didnt look to the reason for the run.
I just traded it.
 
champ2003 said:
Is BHP involved in any projects with WMT?
Click to expand...
There has been an agreement.

Look 4 pages back on some discussion on them and a few links. I can't find the exact BHP one though.
 
<<Did Jim Dines said to buy WMT up to what price?>>

Pardon the ignorance BUT who is Jim Dines ?

Rob
 
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