WSA western areas limited

Hmm...So there's some good and some not so good parts of this...

  1. 55 Posts.
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    Hmm...

    So there's some good and some not so good parts of this report, but at least there's nothing ugly:

    The not so good parts:
    - Higher cash costs
    - Lower grades at flying fox
    - Lower total nickel mined

    The good news:
    - Next quarter they will be targeting higher grade areas of flying fox
    - Nickel spot price looks good
    - Continued development at cosmos

    If you believe in the company management then todays share price drop is a good "buy the dip" moment, but I think I might wait to see the production cost start to drop before I buy any more shares.

    Thoughts?
 
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