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WMT - Western Metals

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Over the short term, Kennas, you might be right but as for mid to long term i think this share will keep on rising because of their many developments.

Also do people think the uranium futures will have any effect on this or other aussie uranium shares? it starts in a couple of days - is that why WMT have been doing their roadshow to U.S. investors?
 
I havent received an email re: Share Issue after having applied for it?
Am getting worried... does anyone know when they are meant to be issued....
 

What I understood SPP will be in your a/c on Monday the 14th,
GOOD LUCK
.35 cent is resistent, good luck everyone.
 
there is a action here guys presently .355 cents
taken out .35 in one hit over a million shrs
good to see green today
 
Can't see it doing much for the share price.

With the SSPP coming online in the next few days it will be interesting to see if the SP can hold up
 
Yep aerial results for QLD uranium due out end of May plus the increase in U prices and the futures market so the SP should hold up and hopefully progress by June or end June
 
My WMT SSPP shares came through last night. I am pretty happy with receiving half of what I applied for. Hope you all did well too.
 
Also interesting to see that each of the Directors received half of their applied for SSPP at the price we paid 21c.
 
My shares appeared in my account on Friday night as well.

Will be very interesting as to what happens tomorrow.
 
Can we expect that the sp will drop deeper, or is this the end of the dark sspp cloud over this stock...
I didn 't apply for the sspp you see

ps is it alway a good thing to apply for sspp? and is there always a drop in the sp?
 
drasicjazz said:
Can we expect that the sp will drop deeper, or is this the end of the dark sspp cloud over this stock...
I didn 't apply for the sspp you see

ps is it alway a good thing to apply for sspp? and is there always a drop in the sp?
Click to expand...

generally ... yes ... this is because as more shares are added to the total issue it dilutes the value of the shares.

Ie Currenlty on the market - 1000 shares @ $10

new issue of 1000 shares @ $5

gives new value of 2000 shares of $7.50 ... share price falls

so you can see all the current shares will adjust accordinly to reflect the new share price

but then this will also create a buying opportunity at the bottom if you think the stock is now undervalued or oversold when people profit take
 
zt3000 said:
but then this will also create a buying opportunity at the bottom if you think the stock is now undervalued or oversold when people profit take
Click to expand...

Aha.
Buying opportunity at the bottom?
But how will you know if its the bottom?
I guess if it falls even more and becomes even "cheaper" you can always buy more, right?
 
Given that everyone only got half what they applied for though the SP may not fall by as much?

Always count on the market doing the unexpected
 
PureCoco said:
My WMT SSPP shares came through last night. I am pretty happy with receiving half of what I applied for. Hope you all did well too.
Click to expand...
I have not received any notification of how many I got nor has any moneys been refunded.
 
Punter said:
Umike please go to this to check your details. Enter all your HIN and details here under "Shareholder Login".

https://www.securitytransfer.com.au/

Thanks. Have a good one Umike.
Click to expand...
Yep got half of what I applied for.

Thanks very much for the link. I'm one of those that don't count it till I see it in print.

Any clues on the date of overpaid amount being refunded?
 
The market depth on WMT this morning is telling of those who bought to sell straight away - perfect 1/2 parcels. No vision! sell at 24cents! Thought the balance looks set to stay around 35 cents atm. I bought in at 8 cents and there is no way i am selling a single share.
 
I agree,
I'm not going to sell any shrs too.
I think SP today will be sky roketed,
Than following days will show the brightness of WMT
 
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