WSA 0.00% $3.86 western areas limited

Private,It’s always somewhat of a gamble as to how to act in...

  1. 13,963 Posts.
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    Private,
    It’s always somewhat of a gamble as to how to act in takeover situations. I am with the other posters here on this. I suspect we can see it from IGO’s point of view, whereas you came and shared your thoughts from WOWs pov.

    IGO has a real dilemma, not many options and not much time. They have done dd and I suspect identified quite a bit of upside. IGO have been in nickel long enough that the vagaries of the spot wont be perturbing them, noting that it is actually currently in the upper part of it’s range during the dd period.

    In the absence of M&A considerations I would consider the current sp as pretty fully valued, hence my HOLD sentiment. I am no raving bull on the stocks I hold.

    Suggest a little more research, and a little less offering advise based on irrelevant events elsewhere on the bourse.

    EL
 
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