WSA
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0.00% $3.86 western areas limited

Nickel surged by 3% overnight and the USD strengthened against...

  1. prosperity
    9,253 Posts.
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    25/02/17
    09:14
    Post #: 22898474
    Nickel surged by 3% overnight and the USD strengthened against the AUD. A nice 4% kick to the nickel price and probably close to 8% in nickel margins.

    Should see a strong rebound on Monday. At $2.40 WSA is a steal.

    Shorters will soon be burned into submission. The Philippines mine closures leveled out the easing of exports at Indonesia.

    WSA continues with exploration success and has favourable nickel prices locked in.

    I am confident that the bottom is very near if not already hit.
    WSA Price at posting: $2.40 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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