WMT - Western Metals

[zed327]

8.4c not to flash today. Hopefully some more positive news around the corner. Are you still in tech.

 

[tech/a]

Ive sold out most of my position I still have a small parcel based upon the pattern possibility. I actually bought more at .091.
For interest sake Had total of 500,000 sold 200,000 at .089,then 100,000 at .086 and then 100,000 at .084. so only have 100k in.
So the ducks human and cops a loss every now and then.

 

[zed327]

Sitting 1.1m at 9.3 and sweating profusely at the moment. No seriously,i think it will be back because it has good grades of uranium and could be the next AGS. Been wrong before though.

 

[nizar]

Sitting 1.1m at 9.3 and sweating profusely at the moment. No seriously,i think it will be back because it has good grades of uranium and could be the next AGS. Been wrong before though.

Wow thats a few dollars there.

 

[zed327]

A few less at the moment.

 

[zed327]

Just dumped at 8c oowch !!!!!!! Breaking it's little pennet downwards was enough for me. Didn't want to follow it down, better to lose a bit than a lot.

 

[mmmmining]

Just dumped at 8c oowch !!!!!!! Breaking it's little pennet downwards was enough for me. Didn't want to follow it down, better to lose a bit than a lot.

Ouch! sorry, mate. With respect, I would spend $100,000+ over 3-5 different uranium stocks. Too risky in uranium business.

 

[Caliente]

Sitting 1.1m at 9.3 and sweating profusely at the moment.

holy tabbouleh batman! I wish I had that much money to sweat profusely over ^_^

 

[zed327]

With all respect i was only playing with some profits. A little less profit now. If you can't afford to lose it don't punt with it.

 

[Nick Radge]

This chart clearly shows that sellers have been distributing this stock since Nov 24. A stock being distributed cannot go higher until the sellers are fulfilled or they back off. When a stock has rallied 500%, chances are they'll be eager to offload the lot.

 

[mick2006]

wmt is certainly an interesting one, some excellent grades from the field sampling the only concern I have is that due to the wet season very little field work is able to be completed before april/may next year so it might suffer from a lack of news flow in the first half of the year, but certainly worth a look later in the year

 

[Georgeb]

This management team is experienced and I bet they will keep the market informed frequently. Also expect a few other acquisitions as well.

 

[Brissydave]

WMT also have activities in the US

This following piece is lifted from their website:

OVERVIEW

Western Metals Limited has entered into a joint venture agreement with USA group
Lynx1 LLC to pursue uranium prospects.

Western Metals will solely fund the land acquisition program over the coming 12 months and on completion will have earned 52% of the joint venture. Western Metals will then earn 2% interest for every USD$100,000 spent in the exploration program up to a maximum of 80%.

The joint venture will focus on the USA, a country that has a strong history of successful uranium exploration and mining. The Joint Venture intends to secure exclusive exploration access to prospective areas.

GLADE URANIUM PROJECT

The joint venture is currently in the process of targeting and acquiring exploration and mining rights over prospective lands. On the completion of securing the targeted land position, Western Metals and Lynx1 LLC will jointly develop the initial exploration program.

I have read somewhere that WMT is working in Utah, the US state where I believe there are existing "U" mines, and with the existing uranium shortage in the US ... you just know that the govt will not make things difficult for uranium explorers or miners.

ALSO ... their last announcement, from memory mentioned lab results still to come on some African samples.

Overall it has some upside before the wet season finishes ... but your point is still valid mick2006 ...

Cheers ... Dave

 

[sirloin]

With all respect i was only playing with some profits. A little less profit now. If you can't afford to lose it don't punt with it.

Having read the last couple of weeks posts on this thread, most are of the nature of the above quote. ie. short term trading
I am an investor in Uranium Resources, your in farm partner on the Aim market
With URA on aim the spread can be quite nasty at times 20-30%
Short term trading very dangerous for us, so research and sticking to your guns the only option.
As for research threads in OZ where do i look ?
In the UK we have good research and chat on advfn.com

With URA's mkt cap less than £10m is very much a sound buy when viewing WMT's by comparison. DYOR

 

[zed327]

Sirloin - I've stuck to my gunns in other stocks and have come out all right but i have also stubbornly stuck with lemons like ncp and tls only to sell out 2 years later totally frustrated. These days if a stock looks like it is breaking through support lines i flee to fight another day hopefully buy in a lot cheaper on positive chart. I still hope to revisit wmt but it's price will need to be below 7c. My idea of the stock market is to make money and not fall in love with any particular stock ( although if i'd bought pdn at one cent i would be madly in love with it ). WMT and URA have a lot to offer investors both long and short term, make money and have some fun - cheers

 

[toc_bat]

according to etrade URA's market cap is $48million, AUD, or about 20million pounds sterling,

wmt is 36million AUD or about 15million sterling

 

[sirloin]

according to etrade URA's market cap is $48million, AUD, or about 20million pounds sterling,

wmt is 36million AUD or about 15million sterling

I think you have got URA on the Aim and URA ASX mixed up, two different companys.
URA on Aim currently £9.5m up £2m in the last few days.

Question. Does anybody know where the U samples are being tested for the Tanzanian project?

 

[Atomic5]

Do you mean "where" as in lab or as in which part of Tanzania?

 

[sirloin]

Do you mean "where" as in lab or as in which part of Tanzania?

I mean. First which country,and second by whom. I've been unable to find out either.

 

[mickqld]

I have gone thru the bad times since 2001 with WMT and hopefully the future will see some good times. I have certainly bulked up my holdings over the last few months now holding some 265000 shares. For all those who have made a dollar or 2 recently or even if you havent I implore you all to take a read of a website called " Children Of Songea Trust". For those who dont know Songea is the region of Tanzania where WMT is in exploration.
www.childrenofsongea.org.uk you may feel compelled to help a little bit to some very needy children and help stop the deplorable situation that HIV is causing there.