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$3.86 western areas limited

What a drone. You got it wrong live with it. I'm going to have...

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36

21/02/22

16:08

Post #: 59711052
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Originally posted by nuadrehc: ↑

Unlike you, most of us don't crave validation from an anonymous forum. Rather, we use this forum to share the logic behind our trades and to seek out alternative views on what we may be missing or where our thinking is flawed.

If you actually read the post, the basis of this special situations trade was speculation that IGO was intending to launch a 100% scrip bid for WSA. The conclusion was that IGO was absolutely going to bid for WSA, and in a scrip for scrip deal WSA was worth in the order of $4.00 relative to IGO's share valuation at the time. This view was justified given IGO's switch from a 100% scrip bid to a 100% cash bid. In addition, an investment had an additional "free option" on another bidder coming in to raise the stakes. I had also noted that I believed a cash bid would be at a lower mark and that Forrest/Wyloo likely had no interest in acquiring WSA. Anyone who bought WSA shares around $2.80 at the time of this post is up ~20% in six months vs the market down -5%.

I have no interest in downramping IGO. As stated many times, I also own IGO shares and have since before they did the Tianqi placement. And I've been buying recently. Most of my original WSA shares were acquired around $2.10-$2.20 with the position topped up significantly around $2.80 when the IGO speculation broke. I sold most of my WSA around $3.40 as the event crystallised to a certain extent and new opportunities arose (hence why my position is "not held"). I rolled the proceeds into another special situation trade at AIC Mines, whose shares have more than doubled in the two months since I invested. But I don't care to post the results of my other trades on a WSA forum 50 times because (a) it's irrelevant and off-topic, (b) I don't need validation, and (c) I recognise that no one really cares.

You have derailed a topic talking about the virtues of an investment in WSA into a personal brag about your returns on IGO. Your posts are seriously on par with the"Creasy nickel king, Forrest's nickel dreams in tatters"guy.

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What a drone. You got it wrong live with it. I'm going to have ignore you.

WSA Price at posting: $3.34 Sentiment: Sell Disclosure: Not Held
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