WMT - Western Metals

[bravo]

I think market liked the announcement
Closed .12 cents it is nice,
More announcements still to come from US and Peru which were due, more drilling in Tanzania and about July-August drilling and sample assay result in Canada will show the future of WMT. I bought more from .10 cents on Thursday.


Good luck all holders.

 

[tech/a]

I bought more from .10 cents on Thursday.

Really?
When did it trade at 10c Thursday.
If your going to be clever be clever about being clever.

Will definitely attract the Announcement hunters.
Currently a low risk trade.

 

[Ken]

WMT - $30 MILLION in cash reserves.

Could be one of the speculative bargains of 2008, seeing as it has been sold down so heavily. All capital was raised in 2007.


Spec stocks have been hammered but the species that make discoveries could very much give great rewards due to the fact they have been sold down so heavily.

 

[Cruizer]

Check this article, stock resources. It's great.

http://www.westernmetals.com.au/documents/RSJan08LRWesternMetals_000.pdf

 

[engo]

Looks like one of the directors and his wife bought $103,000 worth of WMT.
Phew !!! I feel better now

 

[mickqld]

Looks like one of the directors and his wife bought $103,000 worth of WMT.
Phew !!! I feel better now

Yes Engo that is the most encouraging news I have read in several months now. Director buying a fairly large value parcel should mean we have at least seen the lows for this stock. Hopefully onward and upward from here on but geez I really want to see some in-ground resource estimates pretty soon. Desperately needs to announce some ??million lbs in the ground estimates out of Tanzania soon as the market has lost interest in this one at the moment.:fan

 

[engo]

I'll take it as a good sign!, If he is prepared to invest $103,000 of his own money, then he must have a lot of faith in the future of WMT.

 

[mickqld]

I'll take it as a good sign!, If he is prepared to invest $103,000 of his own money, then he must have a lot of faith in the future of WMT.

Generally when directors are buying up like this that there is some significant announcement on its way. Perhaps an acquisition or M&A type announcement as was hinted at in the quaterly?? :alcohol:

 

[Cruizer]

Another Mag article in WA... sounds good

Check it out:

http://www.westernmetals.com.au/documents/WesternMetalsWorldMiningfinal.pdf

 

[mickqld]

Last 2 announcements were directors Peter Smith purchasing 1.12 million shares on market trade 1st Feb and director Christopher Greig purchasing 500,000 shares on market trade 11th Feb. Always a good sign when directors are buying shares.

 

[anth]

Hey guys..I'm new to this forum...
Just like to say..I'm happy WMT shares jump to 17.5% to 10.5c...I bought WMT at 11cents...hopefully this is a good year for WMT.

take care peoples

 

[engo]

Looks like director Peter Smith has bought another $100,000 worth of WMT, after buying $103,000 worth about three weeks ago, another director bought $50,000 worth two weeks ago, It looks like a good sign to have two directors buying $250,000 between them in the last month

 

[anth]

Yeh very promising sign...the next few months should be very interesting...
Awaiting the next announcement

 

[Miner]

Peter Smith director bought 1.1 M shares on 19 feb.

http://www.westernmetals.com.au/documents/3Y_PS_19Feb08.pdf
Ironically the share price has not dived too much from 9 cents value since then.

Any one will share some more about the future of this stock ?

 

[smoush1954]

Well WMT (mis)management trotted out a 10 week old report today as a fresh announcement..either they are desperate to ignite interest or they forgot they have already told the market...maybe the Black Tom margeuritas were too cold...

 

[scuffler]

I have a feeling something is in the air with the directors buying recently. Higher than current share price I might add.

Well they have $30 mill in the kitty and directors buying and good uranium sites so it seems.

So on the basis that uranium will soar again I have bought a few to store under my bed today. Not alot but a start........dipped the old toe.

Interesting company imo....

Take care out there and only buy what you can afford and never on credit,lol.

:casanova::casanova::casanova:

 

[Cruizer]

All right, finally Trading Halt. Any ideas? ................. Hope it’s a gigantic Gold Mine!:

 

[Sean K]

All right, finally Trading Halt. Any ideas? ................. Hope it’s a gigantic Gold Mine!:

It's for a 'potential acquisition', so could be anything.

Been a hard time for the faithful not playing the stop loss game.

Hope it turns around for you soon.

 

[golfmos123]

It's for a 'potential acquisition', so could be anything.
Been a hard time for the faithful not playing the stop loss game.
Hope it turns around for you soon.

Kennas,
The stop/loss game is surely a lot easier and less painful to play than the dumping stuff recently to avoid margin calls game????

Had to let go of this one to escape a call, but have managed to get a small holding back again as the market has recovered a little. Hopefully a nice acquisition that will see a higher floor under the SP....

 

[mickqld]

Last 2 announcements were directors Peter Smith purchasing 1.12 million shares on market trade 1st Feb and director Christopher Greig purchasing 500,000 shares on market trade 11th Feb. Always a good sign when directors are buying shares.

Looks like the directors were right to be topping up. Aquisition announcement shortly. Hopefully a near term or actually producing project whatever it may be so WMT can generate some cash flows. That way we can avoid any future unnecessary capital raisings and SP dilutions as a result.
Good luck to all holders hopefully our faith will see some rewards shortly.