WSA 0.00% $3.86 western areas limited

Why I think that if IGO bids it needs to be at least $4.00 per share., page-53

  1. 144 Posts.
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    I bought WSA around the 2.10 mark with a view to holding this for a very long time. I felt that Odysseus plus Nickel demand keeping Ni prices buoyant, would ensure this stock regained it glory days. I felt it would be a $3.50 plus stock with a decent dividend. nuadrehc did a detailed review at the start of this thread and proposed $4.

    Rather than speculate on the buyout price, I would appreciate if knowledgeable long term investors could give their opinions of what this stock would be worth once the dust settles at Odysseus. That would help a decision on whether to sell now or just stay in for the long haul even if the IGO offer fails and the share price tanks a bit. AF has his eyes on Ni with a view to becoming a diversified miner. He is putting 12 billion into a 100 billion complex in Borneo (Tsingshan putting in 30 billion) to produce Ni Pig Iron, Stainless Steel and a Copper smelter. If IGO don't do the deal AF will probably creep up in holdings.
 
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