WSA western areas limited

Ann: End of Financial Year Update, page-4

  1. 12,265 Posts.
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    Harsh treatment by the market today. Unjustified IMO.

    Bought a small parcel to start accumulation today.

    The shorters are barking up the wrong tree now. Is there anything really fundamentally wrong with this business other than the price that it sells it product. Is this business in danger of going bust, running out of resources or needing to raise sustaining capital in the near future?

    A broad market correction could make the shares cheaper so I'll still wait to buy more. I expect that $A will fall over the next 12 months which will be a tailwind for WSA.

    As I said the nickel price dances to the beat of its own drum. Seen it many times before. Sitting short on this stock for too long will get you burnt IMO.

    Eshmun
 
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