WSA 0.00% $3.86 western areas limited

Ann: IGO: to acquire Western Areas via board recommended scheme, page-103

  1. 9,768 Posts.
    lightbulb Created with Sketch. 4216
    You got $3.4M of this stock in cash..wow.
    and you are not selling any down at the 5 year highs?!

    You must be worth at least $20M to do that with cash as most invest in property or cashflow businesses with that level of wealth.

    Sorry to burst your bubble, but the NI bulls have moved on from WSA to MCR & soon to PAN POS
    WSA was ramped since July prebid, my call of a run from 2.00 to 3.50, SPOT ON

    Now Ive been saying IGO will get WSA, it may move a bit here and there but the market is telling us its over, look at the volume, there is no one else buying onmarket for weeks now.
    merely 0.2% daily volume for the last 3 weeks straight
    Its been in a flatline since 16 December as soon as the bid came in at 3.36

    I guess you are whistling past the graveyard hoping AF or BHP counter bid yet doesnt look like it at all.
    I explained on here before, BHP dont need WSA as they have 50% offtake and have Cosmos all but tied up at 100% and AFs 6% cannot block the bid, he is too late as usual just like he was in AGO ANL PAN POS..the list goes on.

    You forgot, the WSA BOD have already UNANIMOUSLY approved this WSA all cash bid at 3.36 after months of negotiations. They took cash instead of scrip a big difference.

    take the money & run IMHO.
 
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