Australian (ASX) Stock Market Forum

WSA - Western Areas

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brty said:
This is setting itself up beautifully for the annual report this week on a TA basis.

then this is set to possibly gap up beyond that $2.50 region
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Can't call them much better than that:xyxthumbs:) …. Currently $2.90 today
 
barney said:
Can't call them much better than that:xyxthumbs:) …. Currently $2.90 today
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hey
unless the short is held from pre Nov18 (and what are the chances of that) it is scramble time cos it is getting quite hot (and nickel going up to add heat)...............
 
HelloU said:
hey
unless the short is held from pre Nov18 (and what are the chances of that) it is scramble time cos it is getting quite hot (and nickel going up to add heat)...............
Click to expand...
Had a squiz at the intraday Volume etc … Plenty of profit takers on the gap higher (currently trading lower) …. see how she closes today/opens tomorrow.
 
HelloU said:
hey
unless the short is held from pre Nov18 (and what are the chances of that) it is scramble time cos it is getting quite hot (and nickel going up to add heat)...............
Click to expand...
All the nickel producers went through the roof today, obviously the penny has dropped, or the institutions are making hay, while the U.S Market is on a down day.
 
HelloU said:
yep, and maybe a quick trade if ya do that sort of thing from a little short squeeze as well if lucky ... as nickel market prices rise like they did over the weekend
Click to expand...

HelloU said:
hey
unless the short is held from pre Nov18 (and what are the chances of that) it is scramble time cos it is getting quite hot for the shorters and they might be getting very nervous - as they are something like 8% of capital short off the top of my head (and nickel spot prices going up to add heat to the share price of this)...............
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sorry boys, i really do write a crappy post. Fixed them.... sorta.

(barns - bdc are still putting out anns - cr some way off but they are positioning to be a player - little player anyhow)
 
barney said:
Had a squiz at the intraday Volume etc … Plenty of profit takers on the gap higher (currently trading lower) …. see how she closes today/opens tomorrow.
Click to expand...
not really a surprise when u look at the 1 year chart - some wiping their brows I imagine. (dnh)
 
Pretty good announcement - St george found something at the Mt Alexander Project (WSA 25%)

Drill hole MAD151, Massive sulphides with average XRF readings of 5.48%Ni and 1.77%Cu - only a 1 meter interval of 7.5
meters of mineralisation, shallow less than 52 meters down, Mt Alexander really starting to look like a good thing.

http://clients2.weblink.com.au/news/pdf_1\02142172.pdf
 
I am enjoying the run here on WSA, another with trading target reached and now with TS in place.

I should have traded my cobalt stocks in long ago and jumped on the nickel bandwagon

upload_2019-9-9_16-0-50.png
 
So_Cynical said:
WSA is Today's biggest ASX200 winner up 15.6% thanks to a very good announcement re a 200 meter intercept of nickel and copper in western SA.
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Trav. said:
I am enjoying the run here on WSA, another with trading target reached and now with TS in place.
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No real point to make other than the fickleness of trading Stocks in general.

@Trav. pointed out last September how well this was shaping up. Since then we have had a 50% retracement (approx. $3.45 down to $1.65) followed by the current run up ($1.65- $2.70 Over 50%)

I guess it just shows you have to be nimble whether you are trading Specs, Mid caps or even Big caps:cautious:
 
So_Cynical said:
WSA is Today's biggest ASX200 winner up 15.6% thanks to a very good announcement re a 200 meter intercept of nickel and copper in western SA.

https://www.asx.com.au/asxpdf/20200623/pdf/44jw020j7nsjgx.pdf
Click to expand...

I'm long several Nickel miners and I don't think I even noticed the share price movement. Nickel is a very volatile commodity in terms of price. Anyone looking to invest in a nickel miner should take that into consideration.

That said, I like WSA.
 
I have been looking at WSA this morning. I tend to look for value in precious metal miners over base metal miners; however WSA looks good to me:

- Little to no debt
- In production
- Decent mine with low cost
- More projects in the pipeline for further growth
- Relatively low number of shares on issue
- Cash in the bank
- Dividends
- Nickel price at long-term cyclical lows

A bit more work to do before I consider buying. I might wait towards the end of the year though to see how the virus crisis plays out.
 
Considering that nickel is a must have for EV batteries, I'm surprised that WSA's share price hasn't been in demand at all. It rallied after the virus selloff but has drifted lower ever since. It's perplexing as nickel explorers have been bid but not this nickel producer with no debt.

wsa220920.PNG
 
peter2 said:
Considering that nickel is a must have for EV batteries, I'm surprised that WSA's share price hasn't been in demand at all. It rallied after the virus selloff but has drifted lower ever since. It's perplexing as nickel explorers have been bid but not this nickel producer with no debt.

View attachment 112105
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Any reason why you are picking out WSA? I hold WSA. How is IGO going? I don't hold IGO.

MCR is doing OK - especially when they gave shareholders the opportunity to load up at 14c.

Nickel. Offtake contract or nothing. Elon's talk is too cheap.
 
peter2 said:
Now we know why insto's weren't interested in WSA.

View attachment 113947
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@peter2 - On the face of it, I thought market over reacted on the disappointing result. Monday will tell us better.
https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

If Instos were not interested how come PPT increased their stake only two days earlier by 2 % about ?
Only on 19 Oct PPT enhanced their stake by 1 %
On 15 Oct PPT became substantial holder and then kept on buying. Joe Blogg I can understand but so called highly skilled (??) investment managers did not have any clue on the forthcoming disastrous result from WSA only suggest PPT has very poor market observations.
 
We know the WSA analysts at PPT are in the office or more likely at home wearing their PJ's. Covid restrictions probably prevented them going to the WSA mines, Flying Fox and Spotted Quoll. Do you think they were aware that WSA is processing lower grade ore during the last quarter and that their costs were increasing because of this? Even without the covid restrictions they wouldn't investigate these details. Visiting analysts just want the spiel and a good lunch.

We only have to look at the PPT chart to see their poor portfolio mgt performance.
 

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