Yes WSA, I haven't been following them since we discussed on here a couple of years back that their ore recovery cost was increasing as the % of contained nickel in ore was falling, unless they found higher yield ore they were struggling.well i won't be tipping in more cash , so they can save postage there
BTW how many cap. raises is that now , considering it has been in full production since i bought in ( even MCR and PAN resorted to moth-balling mines , for a while )
Thought I would check up on WSA again myself. Refreshed this graph from last year... Looking at quarterly report from yesterday it's clear to see that their cost forecasting has continued to deteriorate. How many times will WSA change the goal posts on costs next FY?Yes WSA, I haven't been following them since we discussed on here a couple of years back that their ore recovery cost was increasing as the % of contained nickel in ore was falling, unless they found higher yield ore they were struggling.
like I said I haven't been following them, so I don't know what their recovery rate is now.
Really nickel is a boom and bust commodity, unless you have good infrastructure and or a good ore body, it is hard work.
Just my opinion.
IGO have rocketed since they bought into the Chinese lithium mine and nearly complete lithium processing plant at Kwinana, whether they can work well with Tianqi remains to be seen.i exited IGO after they sold the Tropicana interest , at a healthy profit , considering i was a holder for less than a year
so yes i agree on your perception of it being over-valued ,but surely they seem to be very aggressive
are they worried someone like MIN will beat them to all the tasty morsels
but i am not convinced lithium is the way to go , i think somebody will come up with a better ( or cheaper ) solutionIGO have rocketed since they bought into the Chinese lithium mine and nearly complete lithium processing plant at Kwinana, whether they can work well with Tianqi remains to be seen.
The market definitely liked the move, as can be seen by the share price and leveraging into more nickel may be the early stages of something bigger?
I agree, batteries IMO are a stop gap, but they will require a huge amount of them before they go "hang on a minute, this is ridiculous".but i am not convinced lithium is the way to go , i think somebody will come up with a better ( or cheaper ) solution
assuming EVs dominate personal transport in 2030 the demand will be HUGE , and China is likely to have a second monopoly ( via trade agreements with Afghanistan ) to go with the REE dominance
it the West is to compete it MUST cut production costs ( or make a superior product )
We all have that problem, in varying degrees.time is something i might not have
since i bought some FMG this morning and have held IGO in the past ( and departed with a smile on my face )AFR reporting that Andrew Forrest is interested with 5.28% - a bidding war would be lovely.
Andrew Forrest goes substantial in Western Areas
Friendless a few days ago, there’s now two suitors seemingly circling Western Areas.www.afr.com
He is changing allegiances, selling POS and buying WSA.AFR reporting that Andrew Forrest is interested with 5.28% - a bidding war would be lovely.
Andrew Forrest goes substantial in Western Areas
Friendless a few days ago, there’s now two suitors seemingly circling Western Areas.www.afr.com
With takeover out of the blue, this spp would now be attractive on the hindsight. I also did not subscribe to the SPP thenIMVHO another ripoff spp. Price now below the spp price. Retail investors shouldn't lose as much.
The performance of the WSA share price has been a huge disappointment at a time of record nickel prices and the significant underlying demand for more nickel production.
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