If you refering to the U price over the past year then yes I agree it has affected WMT along with every other U company, if your reffering to the U price over the past week just my opinion has had no effect, market heated up the past month & is now cooling a little, at these levels the market is only focusing on WMT cash posiiton & ignoring there assets along with every other explorer on the ASX, very tough market thankfully we have the cash to rebound a bit some time down the track when news flows, as for managment alot of talking themselves up but have not deliverd since the U bubble burst few years ago.
Interesting that no directors have bought stock on market since WMT fell as low as .02's, possible reason they are unable to buy as they are aware of price sensitive infomation eg: aquisitions, time will tell I guess, usually I would have cut my loss but the cash position is to strong & should rebound towards .10 eventually if a good aquisition is made.
WMT
western metals limited
