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$3.86 western areas limited

yes, one possible scenario. I thought of that too. very...

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Antipater_100

8,272 Posts.

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30/10/20

13:13

Post #: 48526704
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Originally posted by ozner31: ↑

Fly on the wall in the Independence war room.
Bradford and his lieutenants in the war room, I like nickel, particularly sulphide nickel, Nova is nearing the end of its life. I have $500m in cash sitting on the balance sheet and a strategic review of the Tropicana asset underway. I am looking to acquire assets and WSA has thrown me a get out of jail card free. WSA has growth through Odysseus, a 20% interest in Panoramic (remember we tried to buy this asset, Savannah could also become a growth avenue) and interesting exploration acreage (St George, Forestania, Cosmos and Western Gawler, that could develop into a low grade large deposit). They have $120m cash on the balance sheet, granted this will be spent developing Odysseus. Why aren't we running numbers on this? It may need to be hostile, but an opportunity?

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yes, one possible scenario. I thought of that too. very possible.

WSA Price at posting: $1.92 Sentiment: Hold Disclosure: Held
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