WSI - Weststar Industrial

[Ann]

Well thats no good Ann. What this forum needs is a bit of scandal
P.S. I was going to ask Joe to rollover my prize money into next month's comp if I were win any (like I did last month).

Good man DK! I like someone with Integrity. Why not just donate it to Joe's fighting fund?

Looks like Mr Wilson will not be there next week. I will be though. I am going to be very, very interested to hear what is being said about FGX. I will put up a chart in a minute, by now I am sure you all will know why I might be so interested in this little gem all of a sudden. Hadn't looked at the chart until now. I wonder if he is just a Greenchip off his old man's block!

Just had a look because the ticker was new to me, trust me @Ann, it has no fundamentals!

Trust me galumay, even without looking I knew the FA was going to be sweet FA!

 

[Darc Knight]

You buggers are sabotaging my chances of winning you know - go pick apart someone else's tip!

 

[greggles]

WestStar business SIMPEC Pty Ltd has been awarded an $8 million contract at the Tianqi Lithium Kwinana processing plant, under construction at Kwinana, Western Australia. This contract, which is the largest to date for SIMPEC, was awarded by MSP Engineering and follows on from SIMPEC's work for MSP at the Talison Lithium Mine in Greenbushes, WA.

Huge volume of around 25 million shares today for WSI. The share price is currently up 69.23% to 2.2c.

 

[Darc Knight]

I always said you were a great Man Greggles!

 

[barney]

I always said you were a great Man Greggles!

No egg on your face DK

Luck should never be underestimated with Specs … its personally my most reliable Indicator

 

[Ann]

You buggers are sabotaging my chances of winning you know - go pick apart someone else's tip!

Have you actually got any skin on this DK? You may be filling some bags if you have!

 

[Darc Knight]

Have you actually got any skin on this DK? You may be filling some bags if you have!

You asking if I'm involved with/in WSI?

As per last month's stock tipping comp I just picked a penny stock that's taken a dive and hoped for rebound - pure luck. But if you wanna call me a genius I take it

Looks like Joes gunna be drinking some good Cab Sav at the end of the month you reckon!

 

[Ann]

You asking if I'm involved with/in WSI?

As per last month's stock tipping comp I just picked a penny stock that's taken a dive and hoped for rebound - pure luck. But if you wanna call me a genius I take it

Looks like Joes gunna be drinking some good Cav Sav at the end of the month you reckon!

Not sure about Joe's Cab Sav.
Good that you aren't in the stock for real. I was thinking more along the lines of filling your bag with a toothbrush and change of clothes if you had been into it for real!
It appears the ASX Compliance have sent a speeding ticket (and I paraphrase here) to WSI asking them amongst other things was such a rise in price after the General Market update lodged on the 30th of November something that would be reasonably expected. The Company's answer was no. They say because all the details had previously been disclosed. So as I understand this notice to mean is the company does not know why there was such a big rise in the price, now I guess ASX compliance will be looking at who and how they were buying into the stock over the last few days.
It was a dreadfully executed pump. No wonder they sent the speeding ticket. It looked like it was trying to leap over a tall building at a single bound instead of climbing that old familiar stairway to heaven. I guess another huge leap today may not do it a whole lot of good either. Still who knows, Joe may get his Cab Sav yet. It never ceases to astound me the excitment blokes get from holes in the ground.

 

[Darc Knight]

Not sure about Joe's Cab Sav.
Good that you aren't in the stock for real. I was thinking more along the lines of filling your bag with a toothbrush and change of clothes if you had been into it for real!
It appears the ASX Compliance have sent a speeding ticket (and I paraphrase here) to WSI asking them amongst other things was such a rise in price after the General Market update lodged on the 30th of November something that would be reasonably expected. The Company's answer was no. They say because all the details had previously been disclosed. So as I understand this notice to mean is the company does not know why there was such a big rise in the price, now I guess ASX compliance will be looking at who and how they were buying into the stock over the last few days.
It was a dreadfully executed pump. No wonder they sent the speeding ticket. It looked like it was trying to leap over a tall building at a single bound instead of climbing that old familiar stairway to heaven. I guess another huge leap today may not do it a whole lot of good either. Still who knows, Joe may get his Cab Sav yet. It never ceases to astound me the excitment blokes get from holes in the ground.

You certainly do your research Ann.
You saying my little stock tip maybe a refuse tip? Not to count my chickens?

Hope you're not derailing my chances of winning

 

[barney]

The Company's answer was no. They say because all the details had previously been disclosed. So as I understand this notice to mean is the company does not know why there was such a big rise in the price,

The Company got their timing a little tight with their responses …

Iluka contract announced 26th Nov… price spike … ASX questionnaire.

Company answered ASX morning of the 4th Dec.

In the meantime they received another Contract confirmation after hours on 3rd Dec ...… apparently …… and had to announce that to the market also on 4th Dec.

They should have drafted a quicker response to the initial ASX memo and there would have been no questions ….

It would be reasonable to think the Company had some idea that the RIO contract was likely a goer before after hours on the 3rd Dec as they state …. but unless the ASX ask for the paper trail to prove the dates and timing … nothing will come of it.

Given they are under temporary surveillance, it could be expected that trading in the Stock might be curtailed for a few days

On the flip side … the Contracts are starting to roll in for the Co. so it could still be a good performer in the Comp for you @Darc Knight

 

[Darc Knight]

It's interesting to watch. It peaked yesterday at .019 after contract announcement, dropped to .018 at close. Dropped to .016 this morning after ASX query (and Ann's sabotage ). Back up to .017 after dust settling I assume???

 

[PZ99]

I think the company should sponsor this tipping comp for all the airtime they're getting

 

[galumay]

I think they are already sponsoring the pump and dump on HC!

 

[Darc Knight]

So certain people's negative postings in here are only helping my chances of winning the stock tipping comp

I would like to declare my only financial interest in the ASX is VAS, of which this stock is not a part of.

 

[barney]

I think they are already sponsoring the pump and dump on HC!

Lol .....

 

[Ann]

So certain people's negative postings in here are only helping my chances of winning the stock tipping comp

DK, I am really sorry, I promise I am not targeting you or your stock. This stuff must and needs to be done.

The last time this was traded until it morphed into its current life was back in April 2013. It stopped trading until it became Weststar Industrial. All the shareholders were locked into a non-trading company. Prior to WSI beginning to trade on July the 12 2016 with its closing price of .055 its last trade was .645c in April 2013. While it was still in a non-trading mode as AWW it announced a share Consolidation on the 28 of April as being complete with a 1 for 50 consolidation.
Doing the math, $10,000 at .645c would have given me 15504 shares. After the consolidation of 1 for 50 I would have held 310 shares at the current closing price of .014 I have a total value of $4.34.


WEALTH WARNING: This stock has been subject to a Consolidation in the past and may at some time in the future cause you to lose all your invested capital. Stock to avoid.

 

[Darc Knight]

I wake up on Xmas Day to this! Who needs enemies! What are you gonna give me on my Birthday?

 

[greggles]

WestStar Industrial's engineering contractor business SIMPEC Pty Ltd has been awarded a key contract by ATCO Structures and Logistics in the construction of a 800-room camp at Fortescue's Eliwana iron ore mine in the Pilbara region of Western Australia. The ~$10million contract commences in mid-2019 and represents SIMPEC's largest single contract award to date.

A placement in April of 120 million shares at 2c per share raised $2.4 million.

At the time of the placement WSI had accumulated contracts totalling ~$33M for the current financial year (excluding the contract announced today) so they clearly have a lot in the pipeline.

Good volume of ~32 million shares traded and a 17.39% price rise to 2.7c today. With a bit of luck this might be over 3c soon.

 

[greggles]

With a bit of luck this might be over 3c soon.

Well that luck arrived today and WSI has broken out following the release of its latest Quarterly Report, sending its share price up 51.72% to 4.4c, smashing through resistance at 3c. A huge gap up on equally huge volume of over 200 million shares.

Here are the highlights from the Quarterly Report:

Receipts from customers has soared, boosting cash reserves. The increase in operating expenses has been modest by comparison and net profit has been maximised.

A great result for WSI and hopefully they will build on this momentum in the new financial year.

 

[barney]

Got a bit lucky with this one. Bought on the daily high the other day expecting further momentum. Nothing happened for a few days but jumped today on positive Quarterly.

Not sure how many legs it might have, if any, but the market depth indicates more interest so will hold for the time being.

Never discount luck in trading ... Its my favorite Indicator