Ann: Becoming a substantial holder from MQG, page-16

WSA has no debt and strong mining record and cashflows yet its lagged.
The rerate has stalled at the 40% level due to NP weakness 5.50-5.23 now down 5% from its peak last week.
Historically yes it goes 2 -5 -2 -5 but we are now sitting on a ledge/fence and it could go either way.

WSA needs a new offtake, higher dividends and a new larger processing mill or expand the current restricted maxed out mill. With cashflows increasing, it must make hay while the sun shines or it will retrace due to all this short held interest in it and if it wont go up another 40% they will force it back down 40% and make the profit that way.

WSA is controlled by the institutions and they are all tossing coins right now, so I am happy to wait to see which trend goes, with US inflation at 1.7%, it should be a weaker US$ trend = higher NP, higher WSA share price higher AUD$ but may see an overdue correction short term but it has been holding up well despite this NP retrace.