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$3.86 western areas limited

I took your advice to buy twice around $2 and could not wait to...

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SnowballKelvin

276 Posts.

31

12/10/21

16:10

Post #: 56743375
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Originally posted by tomboy: ↑

the break from 3.20 not gaining momentum, being sold down at this 2 year top

You clearly didnt read my calls very well.
I said if IGO withdraws their bid it would go back to 2.20 area the annual lows again where it came from
If IGO does bid this will be around 3.80 today as SP has gone up.
get it right!

Market is telling us IGO is bidding,I have said many times I think IGO will bid but the range is 3.50-4.00.
If IGO SP recovers and NP LiP goes up its a sure thing.
IGO has offtake with BHP & Trafigira already.

Dont forget that WSA has a small mill of only 0.6MTpa & relies on BHP expensive tolling plus its Cosmos tenement has 1.0% low grade resources of 610kt but has no mill and no mine ready for production & needs BHP offtake at Mt Keith to go anywhere with it so most of WSA value is in Forrestania higher grade 300kt resource of 3.0% & its continued production with Jinchuan being cut out.

Looks like IGO will bid still.

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I took your advice to buy twice around $2 and could not wait to add more around 2.5.

Looking dirt cheap comparing to other junior player.

WSA Price at posting: $3.23 Sentiment: Hold Disclosure: Held
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0 Great analysis

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