WSA
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0.00% $3.86 western areas limited

Ann: IGO: to acquire Western Areas via board recommended scheme, page-107

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  1. SnowballKelvin
    276 Posts.
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    30/12/21
    20:32
    Post #: 58574490
    As you said a year ago - buy at 2 & sell at 4.

    Why should we sell when MCR is trading at 850 mil (BHP already secured the ore)?

    https://hotcopper.com.au/data/attachments/3934/3934078-152efe6d9bdbc1a532a8d4aafe74eae9.jpg


    IGO bought Cosmos for downstream opportunity instead of selling to BHP for lower margin.

    I only lose 5 cents per share if I am wrong.

    Good risk/reward ratio here in WSA IMO.




    Last edited by SnowballKelvin: 30/12/21
    WSA Price at posting: $3.41 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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