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Should I average Widgie Nickel (WIN)?

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Should I average Widgie Nickel (WIN)?

I subscribe to your commentary and really enjoy the insights provided. I have a client who has Widgie Nickel shares and recently received communication that the shares could be sold – with no brokerage fees (small holder). We are trying to determine whether it’s best to sell OR allocate more capital to boost the shareholding amount. What are your thought on WIN?

Thanks

Joshua F

Answer

Hi Joshua,

I’m not particularly familiar with this $50m nickel business but history tells me that averaging, especially in stocks that aren’t making a profit and paying a dividend, is fraught with danger – MM prefers NIC for nickel exposure at today’s prices.

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Widgie Nickel Ltd (WIN)
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