Gabbie,
Agree, perhaps Jojo should consider that not only has the world changed, but Streeters perception of it also. With the size of his holding I certainly hope it isn't just debt burden.
WSA has cash, but NOT net cash, and has extraordinary opportunities to use all that cash organically, so I doubt it will be a buyer of much (a Lizard in a firesale?). Looking amonst the listed base metal stocks, I see few with balance sheets apart from BHP able to benefit from the firesales. These are going to be the debt adverse.
No one that I am aware of in Cu or Zn really has cash, and not sure any have free cash flow. In Ni IGO,MCR and PAN might each be able to spare about $50 mm from their cash balances. WSA and IGO both probably have +ve cash flow. Any others at current spot prices?
Looking at assets potential coming free, looks to me a heap with very few buyers.
I will hold the few WSA I have, but if Mr Streeter is waiting for better value elsewhere, I think I might to before topping up.
EL
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another great announcement from the quoll, page-8
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