WMT - Western Metals
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Wysiwyg
Everyone wants money
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Snakey said:this is strugling with all the on screen sellers who appear to be stopping their own shares from going up in valueout now in frustration
The market plays everyone..and some get played more than others. I'm surprised with a tag like yours that you don't get played more often. :karaoke:
Snakey said:this is strugling with all the on screen sellers who appear to be stopping their own shares from going up in value
14million P.O.W. shares on sale between 0.093-0.115
: You've not been around WMT long have you?edit: make that almost 20million on sale between 0.093-0.115
Guys/girls
I bought in Friday at 9.1, Support clearly at 9 and it is making higher lows in strong short term and long term uptrend.
I understand people's concerns with the wet season and drilling not continuing until May, BUT you have underestimated the connection with Lynx in the USA. Clearly as they state they are seeking acquisitions in the USA and if they do the projects will be advanced stages.
This will be announced shortly. I expect 3 days of sideways movement before another attack on 10 cents. Support at 8.5 also provides a buffer.
What doesn't make sense in this stock is it has massive volume days but still cannot go up. Which means someone has been soaking all the excesss shares over the last 8 weeks. Last two days has seen accumulation days.
When it does break 10 should skip along fairly quickly.
Just a matter of time before it does IMO.
I bought in Friday at 9.1, Support clearly at 9 and it is making higher lows in strong short term and long term uptrend.
I understand people's concerns with the wet season and drilling not continuing until May, BUT you have underestimated the connection with Lynx in the USA. Clearly as they state they are seeking acquisitions in the USA and if they do the projects will be advanced stages.
This will be announced shortly. I expect 3 days of sideways movement before another attack on 10 cents. Support at 8.5 also provides a buffer.
What doesn't make sense in this stock is it has massive volume days but still cannot go up. Which means someone has been soaking all the excesss shares over the last 8 weeks. Last two days has seen accumulation days.
When it does break 10 should skip along fairly quickly.
Just a matter of time before it does IMO.
Further, given the fact the placement was done at 9 cents when it traded at 10 cents for only one day says big announcements are coming, no-one in their right mind would do a placement so high after it traded 4.5 cents the weeks before without being super confident of what lies ahead.
jemma said:
I agree with your thoughts on this one Jemma. It seems pretty clear to me that someone is trying to shake out and soak up as many shares as they can get their hands on with this stock. Suddenly there are huge parcel sells (some 500k at a time) and then as it drops a few points its all bought back up as the minows and day traders get scared out and stopped out of it. This is accounting for the huge volumes but little price movement. Whoever it is must know something big is in the wind here.
Any data on Lynx1? Last I looked they were a rock quarrying company in Colorado with no Uranium experience what-so-ever.
Heres an article on Montrose. WMT hasn't disclosed how they intend to fast-track this process:
http://www.rockymountainnews.com/drmn/energy/article/0,2777,DRMN_23914_5193162,00.html
[excerpts]
By Gargi Chakrabarty,
Rocky Mountain News
December 6, 2006
Colorado's vast stores of uranium are once again causing an unprecedented rush of investors, hedge funds and prospectors toting Geiger counters and stake poles. After three decades on hiatus, thousands of prospectors are back on the Western Slope, staking claims and seeking permits, bent on tapping the region's rich uranium reserves.
"This is like a gold rush," said Vince Matthews, director of the Colorado Geological Survey. Uranium claims on Colorado's federal lands, mostly in Montrose and Mesa counties, have jumped threefold during the past couple of years to 3,800 so far this year, up from 1,200 in 2004, the Bureau of Land Management said. That compares with a mere handful of claims staked in the previous 30 years.
Some doubt the voracity of the latest rush. They don't think all the claims will progress to actual mining for the metal. Case in point: There's no operating mill in the state to process the uranium. Cotter Corp. shuttered Colorado's only uranium mill in Cañon City in September 2005. The company is looking at the economics of restarting the mill, a move that could cost millions of dollars.
There is talk of Energy Fuels Inc. building a mill in Montrose.
"There is no doubt an increase in staking claims and opening previously closed mines, but there is no place to take the ore other than stockpile, so I couldn't compare it to the gold rush of the 19th century," said Melodie Lloyd of BLM's Grand Junction office.
Also, it takes months, if not years, to advance from staking claims to actual mining. Prospectors have to submit a development plan to the BLM, detailing the method of mining and the impact to the surface and environment, before getting a mining permit.
"The telltale indicator (of mining) is when we start getting plans of development, and we haven't seen a lot of those lately," said Jim Edwards at the BLM's Denver office.
Dan Hancock of the Southwest Research and Information Center in New Mexico said he has been watching the surge in claims "with interest." His group backs Navajo landowners who have banned uranium mining on their land in Arizona, New Mexico and Utah.
"The uranium bubble is a worldwide bubble, and we need to turn it into a bust on various levels," Hancock said. "We are very concerned about the kind of health and environmental damage that happens if uranium gets restarted."
Heres an article on Montrose. WMT hasn't disclosed how they intend to fast-track this process:
http://www.rockymountainnews.com/drmn/energy/article/0,2777,DRMN_23914_5193162,00.html
[excerpts]
By Gargi Chakrabarty,
Rocky Mountain News
December 6, 2006
Colorado's vast stores of uranium are once again causing an unprecedented rush of investors, hedge funds and prospectors toting Geiger counters and stake poles. After three decades on hiatus, thousands of prospectors are back on the Western Slope, staking claims and seeking permits, bent on tapping the region's rich uranium reserves.
"This is like a gold rush," said Vince Matthews, director of the Colorado Geological Survey. Uranium claims on Colorado's federal lands, mostly in Montrose and Mesa counties, have jumped threefold during the past couple of years to 3,800 so far this year, up from 1,200 in 2004, the Bureau of Land Management said. That compares with a mere handful of claims staked in the previous 30 years.
Some doubt the voracity of the latest rush. They don't think all the claims will progress to actual mining for the metal. Case in point: There's no operating mill in the state to process the uranium. Cotter Corp. shuttered Colorado's only uranium mill in Cañon City in September 2005. The company is looking at the economics of restarting the mill, a move that could cost millions of dollars.
There is talk of Energy Fuels Inc. building a mill in Montrose.
"There is no doubt an increase in staking claims and opening previously closed mines, but there is no place to take the ore other than stockpile, so I couldn't compare it to the gold rush of the 19th century," said Melodie Lloyd of BLM's Grand Junction office.
Also, it takes months, if not years, to advance from staking claims to actual mining. Prospectors have to submit a development plan to the BLM, detailing the method of mining and the impact to the surface and environment, before getting a mining permit.
"The telltale indicator (of mining) is when we start getting plans of development, and we haven't seen a lot of those lately," said Jim Edwards at the BLM's Denver office.
Dan Hancock of the Southwest Research and Information Center in New Mexico said he has been watching the surge in claims "with interest." His group backs Navajo landowners who have banned uranium mining on their land in Arizona, New Mexico and Utah.
"The uranium bubble is a worldwide bubble, and we need to turn it into a bust on various levels," Hancock said. "We are very concerned about the kind of health and environmental damage that happens if uranium gets restarted."
jemma said:
Placements were in November 2006 and their details go back a few months before that.
There was a change in Corporate Secretaries a few days back, news released after the Quarterly Reports, that received a good response.
The Quarterly reports however received little immediate reaction because it appears to be the same news as contained in the Tanzanian update received some weeks back. :horse:
DYOR
Wysiwyg
Everyone wants money
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Atomic5 said:
You don't like WMT do you? :bonk:
mickqld said:
Mickgold, this has been happening for 2 weeks now and Friday's dump at 4:10 with 500K shares as you mentioned was just too obvious to the pros like us not to miss. My guess is they cannot hold it down for long as it just wants to go higher, when all the minows and traders are gone then she will move. Just laws of demand and supply at play here.
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