from quarterly:
"The Company is well funded and well resourced and is focussed on acquiring an advanced gold or base metals project"
"The primary geographical focus for this project is Africa and Australia."
Great to hear gold is one of there main focus, though WMT will have to move quick to pick up a advanced deal at a decent price, gold strength building lately with gold price at $928 a break of $1000 will see a serious rerating of the gold sector.
Only trading around cash backing & with no directors buying any shares while WMT trades at its lows likely reason would be they are in a lock out period due to knowlege of market sensitive infomation, posible aquisiiton coming imo.
dyor
WMT
western metals limited
