3.80 buy, page-2

Base metals cacking themselves, including Ni, due increased supply and possibly lowered demand (China slower growth, Europe in recession) has almost "killed off" WSA. Today it fell to $2.55 which is below its GFC low.

The high AUD and high costs of mining in OZ are not helping.

Pretty amazing times. I wonder where it would be at if GFC2 came along? I suppose if GFC2 happened input costs and AUD would fall a heap, thereby helping to offset further falls in the price of Ni.

I wonder if they still have a heap of borrowings on their books. Clearing that should be a priority.

GLA.

loki (ex-WSA holder)