Thank you Saragian - you ... you are wickedly kind.
And inspirational too!
When I first looked at your chart I saw a lot of bottom line respect?
....At least six respects since June ‘08.
Indeed - on the modern side of your vertical shaft in mid ‘08 - the price has been very courteous to $1.84 since December 2012.
.....and since 2015 it’s been very timid about poking its’ nose over $3.55?
After that I looked at things like that gap up last September when WSA’s 25% held affiliate SGQ announced a copper/nickel strike 02/09/19 [here]. (Although follow up results seems to have had lacklustre market impact?)
..... And thought how, around that time (05/09/19), KDR’s sale to WES was formally approved adding an extra $33.1M to the WSA coffers... and got excited about the cash in hand, which was $181.4M as of the May 6 Corporate Presentation, less $28.6M to be used to but 19.9% of Panoramic .
(more on that here :https://www.australianmining.com.au...s-panoramic-stake-as-savannah-re-start-looms/.)
Then I realised - looking back at that September gap - that the whole thing was possibly created by a mass shorts exodus;
WSA was 6.3% shorted on 02/09/19 [see here] with 17,231,988 shares loaned out that day. But, by 26/09/19, the company was only 2.34% shorted (6,408,579 shares).
AND THEN I realised the whole price show here seems to have simply followed nickel spot prices
(http://www.*****metals.com/charts/nickel_historical_large.html)?
And realised what is meant by ‘pure nickel play’.
... So, so much for all the heavy breathing : (.
But as well as possibly irrelevant sides stories, WSA has lots of cash and Panoramic seems to be a useful asset
...and I even created a chart that includes the small technical incursion of a few hopeful purple lines based on your 26° angle.....
Hopefully nickel goes up?
And, again, thank you very much Saragian.
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