another great announcement from the quoll, page-8

Gabbie,

Agree, perhaps Jojo should consider that not only has the world changed, but Streeters perception of it also. With the size of his holding I certainly hope it isn't just debt burden.

WSA has cash, but NOT net cash, and has extraordinary opportunities to use all that cash organically, so I doubt it will be a buyer of much (a Lizard in a firesale?). Looking amonst the listed base metal stocks, I see few with balance sheets apart from BHP able to benefit from the firesales. These are going to be the debt adverse.

No one that I am aware of in Cu or Zn really has cash, and not sure any have free cash flow. In Ni IGO,MCR and PAN might each be able to spare about $50 mm from their cash balances. WSA and IGO both probably have +ve cash flow. Any others at current spot prices?

Looking at assets potential coming free, looks to me a heap with very few buyers.

I will hold the few WSA I have, but if Mr Streeter is waiting for better value elsewhere, I think I might to before topping up.

EL