RE: RE: ouch Well said KW_08. While the order book on WM is downright scary and the share price is in the dumps, let's not forget that only a couple of months ago, Lonmin bought in at 19 cents and probably thought they were getting a steal of a deal at that price. Let's also not forget that part of that deal was warrants at 40 cents that expire only 7 months from now ... you know they had to have a good measure of confidence that the warrants would be in the money by then.
WM is not alone in these ugly times for resource stocks but I still personally think we'll be fine by year's end, as we approach production at Broken Hammer. The share price being where it is now shouldn't be a major concern unless the company has to finance again (in which case, it would be very detrimental). I sincerely hope that is not the case and they cut back on drilling, if need be, in order to get through to a point where either cash is flowing from Broken Hammer or the share price starts to properly reflect the value and potential here. In the mean time, anyone with dry powder can add at these prices and laugh all the way to the bank at a later date.
I suppose one other concern with the share price is the threat of a takeout, but I can not see management going along with that and I'm sure most shareholders would resist a hostile bid.
Better days to come ahead in my opinion, but things could definitely get worse before they get better. Best of luck to all shareholders.
BUMBLEBEE