WSA western areas limited

78 meter at more then 9 % ni, page-9

  1. 240 Posts.
    lightbulb Created with Sketch. 76
    the latest qtrly will be a cracker compared to previous ones having had to 'luckily' stockpile their concentrate (during GFC induced low Ni prices) due to the offtake agreements and now the brakes have been released, they have dumped it all at around the USD8/lb - I would bet on a div being declared
    Will being closely looking at trying to work out the new offtake terms as details have been sketchy but they've got to be better than the expired deal (Norilsk would've worn balaklavas to the meeting when those terms were agreed on)

    After Quoll capex (which is bugger all and pretty immediate due to shallow depth) WSA becomes a cash cow and directors will know they can comfortably keep the div stream going for us

    Agree with questions on the directors Entropy and also would love to have a beer with Streeter to see what he has in mind
 
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