WSA western areas limited

Ann: Becoming a substantial holder from MQG, page-8

  1. 282 Posts.
    ITs only annoying if you are a short term trader. Long term is a perfect buy and hold.

    Nickel Price before the GFC ~ 22250/t ( $10/lb)
    Share price crashed after GFC from $10 - $2.50, Nickel dropped to 8850/t ($3.95/lb)
    Nickel price Jul 17 = 9500 /t ($4/lb)
    Nickel price Sep 17 = 12320 /t ($5.48/lb)

    This will be a $5 stock again in no time, and quite likely somewhere between that and $10 again as the resource sector enters this new boom phase.
 
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