WMT - Western Metals
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Anyone out there with some theories on the large SP move?? Jumped as high as 32 with the last announcement and now retreated back to 23. I don't understand this one......
I assumed (naively I guess) that it would hold at least some of the recent gain and maintain itself back around the 25-27 range, where we'd wait for some more good news and further SP gains.
I assumed (naively I guess) that it would hold at least some of the recent gain and maintain itself back around the 25-27 range, where we'd wait for some more good news and further SP gains.
UMike
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The market losing 5+% would scare off most investors.
I got in at the close at 22c. Hopefully the market sorts it self out and lets good value shares continue climbing.
Watching this one carefully as from the sounds of things it presents some pretty good value down at these levels. From a technical perspective, also looking like turning around at the moment, however due to the current market volatility, I am not really looking too hard at opening up any new positions. It has broken the downtrending channel recently and failed at the 50% level from April highs to July lows, so nothing out of the ordinary there.
Volume is picking up and the OBV has not really been affected too much by the sell off since the April highs. It has hit support it would seem, however with the DOW down over 200 points again, anything can happen, so dont be surprised to see it breach this level in the short term. I do like WMT however and will most likely get in if it can break that 50% level convincingly.
Volume is picking up and the OBV has not really been affected too much by the sell off since the April highs. It has hit support it would seem, however with the DOW down over 200 points again, anything can happen, so dont be surprised to see it breach this level in the short term. I do like WMT however and will most likely get in if it can break that 50% level convincingly.
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This article may be of interest to those left wondering about this stock, like others i feel the longer term view is positive.
http://allafrica.com/stories/200707310610.html
Cheers
http://allafrica.com/stories/200707310610.html
Cheers
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Nice article indeed.
Currently with sp at 20.5c, we can't do anything (top up maybe ??) until all dust clear off and market will start reviewing the potential of WMT.
Still holding firmly though.
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Thanks Bravo,
I think there are many of us who think this is a quality stock, but I guess the patience is wearing out for some. The last good ann only kept the SP up for a few days before retreating, so we are awaiting the next one which might keep it up for longer. I've been topping up as the SP has gone down but am going to sit for now, would really like to see it get back to the 24 level before making my next decision.
I think there are many of us who think this is a quality stock, but I guess the patience is wearing out for some. The last good ann only kept the SP up for a few days before retreating, so we are awaiting the next one which might keep it up for longer. I've been topping up as the SP has gone down but am going to sit for now, would really like to see it get back to the 24 level before making my next decision.
UMike
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I topped up today. Would of got more at 18.5 but the Weatpac site went down.
Got enough to hope for a rise though.
Got enough to hope for a rise though.
new to the game and getting cold feet with this one should i hold? will WMT bounce back? any info or suggestions would be much appreciated.
Close your eyes grit your teeth and wait for the storm to pass ....and when you open you eyes, just hope you still have a house to live in.
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new to the game and getting cold feet with this one should i hold? will WMT bounce back? any info or suggestions would be much appreciated.
not only you my friend.
not only wmt share as well.
all shares are down and we don't know when they will be back.
I don't think this will come back up for 2 years I am afraid as by then it may have started producing u. Too many shares on issue, over 900 million now with no substantial shareholder in place is destined for disaster in this current climate. Good Luck with your very long term hold, I am talking years.
I wouldnt be quite so negative - things can turn fairly quickly - it depends on the U sector a lot which hasnt faired very well lately.
Anyone had a chance to review the latest update out on the 21st?
It looks pretty promising.
http://www.asx.com.au/asx/statistics/getAnnPdf('/asx/statistics/showAnnouncementPDF.do?idsID=',%20'00750549',%20'Announcement');return%20false;
Anyone had a chance to review the latest update out on the 21st?
It looks pretty promising.
http://www.asx.com.au/asx/statistics/getAnnPdf('/asx/statistics/showAnnouncementPDF.do?idsID=',%20'00750549',%20'Announcement');return%20false;
UMike
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I thought so also, but the market marked the sp down a fair bit after the initial sp surge upon the ann
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WMTO - Expiry 30 April 2010 - Ex Price $0.35
Still plenty of time but well out of the money.
Hope this helps.
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35 cents , April 2010
this is a good site for ex-prices... http://markets.theage.com.au/apps/qt/quote.ac;jsessionid=414C5CAC9551EA8E08ECCC459748BE66?code=wmto&securityType=0&descContains=0 §ion=summary&sortBy=0
thanks guys for the WMTO info, wow 35c excercise price, im surprised they are trading at 8c ish, given that WMT are trading at 18c!!! by the time WMT are 35c or another 100% then WMTO ought to be about the 5c mark, oh well, theres still plety i dont know
ok bye
ok bye
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well, something is up for sure.
never seen buyers like that.
stacking up huge orders.
19c now.
are we expecting any news?
still holding here.
never seen buyers like that.
stacking up huge orders.
19c now.
are we expecting any news?
still holding here.
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