No, I am a long term investor, so I don’t get spun by every whim of the market. I continue to hold however as I believe there will either be a better offer or otherwise a good long term future for WSA.
If the lowball bid fails, then yes the sp is likely to fall back a bit, but the nickel price is much higher than it was before the bid, and that extra is largely before tax profit.
Think of companies that have survived a low ball offer. So many of them have a surging sp a year or two later, because of the underlying value that was being sought.
Before Odysseus was always going to be WSA’s vulnerable period, especially with FF declining a little quicker than I think most expected.
WSA is well positioned in nickel. It is IGO that is out in the cold nickel wise with only one short life asset (and quite a modest size for a company of IGO’s market cap).
EL
WSA Price at posting:
$3.36 Sentiment: Hold Disclosure: Held
