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WSA western areas limited

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$3.86

Share price and short trades on WSA and IGO, page-4

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Madtrader

871 Posts.

77

29/05/19

15:43

Post #: 38805433
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Originally posted by redbackrules: ↑

Mad

Firstly, I only even consider the price of Nickel in Australian dollars. Expenses and profits are only in Australian dollars for Australian companies.

Back to the question asked. I am back in WSA now. The reason why I prefer WSA over IGO is because of the growing disparity between the IGO SP over the WSA SP. Some might say IGO is a better stock. But why then has this disparity only become more evident in the last 9 months of so.

In the same time period (9 months) look at the aggregate short position changes for both IGO and WSA.

In MY Opinion WSA is being played as a short to help cover an existing short on IGO. When the players have made enough they will close out or even play the position in reverse again. This would bode well for WSA and not for IGO.

RED

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I was referring to gold not aud. Different asset set in IGO

WSA Price at posting: $2.22 Sentiment: Buy Disclosure: Held
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Share price and short trades on WSA and IGO, page-4

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Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

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