Western Areas Ltd

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Question asked 09/04/2022

Western Areas Ltd

Hi James and co, With the takeover of WSA by IGO some what in question now, I’m just weighing up the probability of another bidder coming into the mix, or is there a real chance that the market might downgrade the company. Keep up the great work, Andrew.

Answer

Hi Andrew,

There may be another bidder who steps up or IGO could easily increase the offer by including a scrip component rather than all cash given how far their shares have rallied. In any case, the Nickel market has moved significantly since the price was agreed and if I held WSA I’d be fairly content that the deal will need (and likely get) a higher price to complete.

PS: This question comes from the king of the Apex outback postie ride – Flatty, who I met a few years ago. He does fantastic work for the Apex Foundation’s ride and is a champion bloke, indicative of the type of people involved in this wonderful Australian charity!

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Western Areas (WSA)

LAST UPDATED 09/04/2022 08:20

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