takeover target, page-8

Hi Manila,

I certainly agree with you that WSA has to be the, or one of the best Nickel plays in Australia but will we become a take-over target that is another matter.

You have to realise that if someone wants to take out WSA , they will only be able to do that if they pay a HUGE premium for it.

The directors are holding a lot of shares and would only part with the company if they get a more then decent pay-out imho.

One thing is sure that we as shareholders will get a nice wind fall if someone would have a go for WSA.

Time will tell

jojo