WSA 0.00% $3.86 western areas limited

Ann: Quarterly Activities Report, page-8

  1. 903 Posts.
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    Hi EL, each to their own. I'm not sure you'll get a much better opportunity. From what I wrote above actual cash produced could have been $41m for the quarter, even allowing for the shipment on 1 Jan which was not counted in the quarter due to timing. Also -
    Subsequent to quarter end, Western Areas awarded two new offtake contracts to each of BHP Billiton Nickel West
    Pty Ltd and Jinchuan Co. Ltd for the Company’s high grade Forrestania operation concentrate product. These new
    contracts follow the successful completion of a highly competitive tender process that resulted in significantly improved
    commercial terms when compared to the current offtake agreements.


    PON might be fluctuating but for a company producing wads of cash, with a $790m market cap, top shelf project to come on line in 2 years(?) and industry demand set to increase significantly, I don't see much better - depends on your horizon I guess
 
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