wsa must hedge aud, page-3

Loki,

You may be right again, but I am sure if we get near $2.50, you will be out with a new target of $1.50 as you will say #2 is too high.

All I know is that whatever I buy, it falls further, that there appears to be no bottom for resource stocks in this market.

In this market if I were WSA I'd avoid bluesky exploration expenditure, as any success will underwhelm the market yet make the coy a more enticing takeover target. Most of a nickel province yielding ore bodies like spotted quoll? Got to have appeal to many an industry player-alternative for most is laterites.

EL