WSA 0.00% $3.86 western areas limited

good recovery on a weak day

  1. DSD
    15,757 Posts.
    WSA did very well to close 25c (2.9%) higher on a day when many stocks fell. It fell at the open and provided opportunity for opportunists (me included) to top up. However, to spend the 2nd half of the trading day in the black and to hold those gains indicates strength of company's fundamentals. In a bear mkt WSA may not break any records.... but it is a solid stock with exc resource base and good earnings from early next year when production will ramp up. Future Ni price is a weak link but with low prod costs WSA will still be standing when others have folded. A key resource stock in my portfolio.
 
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Currently unlisted public company.

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