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WSA, WESTERN AREAS LIMITED
blacksheep
post Posted: Aug 7 2018, 08:00 PM
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Diggers & Dealers 2018: Cost hurdle for nickel developers chasing battery cash, says Western Areas
Josh ChiatThe West Australian
extract
QUOTE
Western Areas, which produces about 20,000t of nickel metal a year at its Spotted Quoll and Flying Fox mines south of Southern Cross is expecting to sign its first deal to supply nickel directly to the battery market soon through a new product from a recent plant expansion.

It is hoping to add a third mine, Odysseus, near Leinster in the northern Goldfields early next decade.

https://thewest.com.au/business/mining/digg...s-ng-b88920940z

https://www.shortman.com.au/stock?q=wsa
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 19 2018, 10:32 PM
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In Reply To: blacksheep's post @ Oct 23 2017, 02:52 PM

SP following surge in nickel prices

QUOTE
Nickel surged to a more than three-year high amid growing fears that Russia's Norilsk Nickel, top producer of the metal, could be the next victim of US sanctions against Russia that has already caused chaos on aluminum markets.

Nickel, used primarily in steelmaking, jumped as much as 4.6% to $14,870 a ton on the London Metal Exchange, the highest level since February 2015. Bullish sentiment was also boosted after production slumped 18% at Brazil's Vale, world number two producer. Year to date nickel is the top performing major metal enjoying a 21% rise. Measured from the bottom of the mining cycle early 2016 nickel has nearly doubled in price.

http://www.mining.com/russia-fears-light-fire-nickel-price/

https://www.shortman.com.au/stock?q=wsa
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 23 2017, 02:52 PM
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In Reply To: blacksheep's post @ Oct 17 2017, 07:49 PM

Some broker views on WSA, FWIW.....SP down currently 4.61% @ $2.90/share
QUOTE
EV Batteries Spark Interest In Western Areas

QUOTE
Increasing demand for nickel in the battery market has provoked interest in Western Areas. Some brokers, but not all, are on board with this theme.

https://www.fnarena.com/index.php/2017/10/2...-western-areas/
https://www.shortman.com.au/stock?q=WSA
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 17 2017, 07:49 PM
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In Reply To: blacksheep's post @ Sep 11 2017, 11:36 AM

BHP may accelerate nickel sulphate expansion to meet battery demand

QUOTE
BHP says battery-driven demand for nickel is accelerating so fast it is considering bringing forward the second stage of a major nickel sulphate plant in Western Australia.

Just two months ago BHP revealed it would spend $US43 million ($54.8 million) developing a 100,000 tonne per annum nickel


QUOTE
Fresh from a trip to Japan, China and South Korea, BHP Nickel West asset president Eduard Haegel said the business had fielded so much interest in the product from some of the world's largest battery producers it may act on a potential expansion sooner than originally thought
.

QUOTE
Nickel prices have ticked up in recent months after years of depressed prices impacted by oversupply. Macquarie senior commodities consultant Jim Lennon told the conference he expected battery demand to be a potential "game changer" for the nickel market from early next decade with "huge new investment" required on the supply side to balance the market.

Western Areas managing director Dan Lougher told the conference large Chinese battery companies had met with the company in Perth.

"There is that surge and they are looking for products about three years from today because it takes six years to build a new mine so if you want to invest in getting material you have to invest today and miners are not going to do that now because of that incentive price," Mr Lougher said



Read more: http://www.afr.com/business/mining/bhp-mig...9#ixzz4vkvFdxbH

As suggested previously, shorts dropping off - the squeeze could be well and truly on - Short-sellers could get squeezed as tsunami of support hits ASX

Read more: http://www.afr.com/brand/rear-window/short...u#ixzz4vl15GMRg
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 11 2017, 11:36 AM
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In Reply To: blacksheep's post @ Sep 9 2017, 09:23 PM

QUOTE
This could be the beginning of the correction. Might see shorters taking advantage of WSA again.


SP down 2.32% @ $2.735 currently.

Gross short sales reported on Friday - Fri 8th Sep, 2017 1,447,785 272,759,047 0.53% 2,118,405 68.34%
https://www.shortman.com.au/stock?q=WSA
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 9 2017, 09:23 PM
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In Reply To: blacksheep's post @ Sep 7 2017, 09:15 PM

QUOTE
WSA, along with other nickel stocks, are no doubt enjoying the high nickel price, however, some are suggesting there could be a price correction looming


This could be the beginning of the correction. Might see shorters taking advantage of WSA again.

QUOTE
Prices are beginning to correct after hitting multi-year highs recently. Downside pressure was moderate, reflecting the positive change to sentiment, with consolidation now taking place, traders said.

Nickel prices are also under pressure, falling over $200 to below $12,000 per tonne for the first time since the beginning of the month. It fell 0.5% at the close on Thursday.

“The markets got whacked up quite a bit recently – they were all looking a bit long, so they have come off a bit,” one trader said..


https://www.fastmarkets.com/base-metals-new...dip-correction/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Sep 7 2017, 09:15 PM
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In Reply To: blacksheep's post @ Aug 22 2017, 11:23 AM

SP continues to rise - now @ $2.87. Short interest has dropped - currently 16.88%. WSA, along with other nickel stocks, are no doubt enjoying the high nickel price, however, some are suggesting there could be a price correction looming - see below
https://www.shortman.com.au/stock?q=WSA
http://www.kitcometals.com/charts/nickel_h...ical_large.html

QUOTE
Nickel climbed to a two-year high and copper extended gains to the highest since September 2014 as bets on tighter markets, especially in top user China, buoyed metals after their longest run of weekly gains in a decade.

Nickel advanced as much as 2.9 percent to $12,380 a metric ton on the London Metal Exchange, its highest since June 2015. Copper climbed as much as 1.3 percent to $6,924 a ton. Most metals rose after the LME Index of six contracts capped an eight-week advance on Friday -- one short of a record run in 2006.

QUOTE
Miners Benefit

Mining companies are gaining from the metals surge, with the Bloomberg World Mining Index of shares rising for an 11th day to the highest since September 2014. Glencore Plc and Anglo American Plc are trading near the highest since 2014. U.S. equity markets were closed for the Labor Day holiday.

While Commerzbank AG cited surprisingly strong manufacturing data in both China and the U.S. for higher metals prices, it cautioned that the gains may be overdone.

“Apart from the good sentiment indicators, however, prices continue to be driven to a large extent by speculation,” Commerzbank said. “Prices have become largely detached from the fundamental data. In our opinion, the potential for and possible extent of a price correction are increasing every week”

https://www.bloomberg.com/news/articles/201...ls-extend-rally
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 22 2017, 11:23 AM
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In Reply To: blacksheep's post @ Jul 25 2017, 05:50 PM

Will be interesting to see what the shorters do today . Yesterday, WSA was the 2nd most shorted stock on Shortman's Top 100
https://www.shortman.com.au/top

Western Areas defies nickel slump with profit surge
QUOTE
“Pleasingly, strong demand in the high end stainless steel market, particularly in China, has remained robust, whilst the activity in the electric vehicle (“EV”) battery market is growing exponentially.


“We have witnessed the EV supply chain demand first hand with the level of in‐bound enquiry for nickel offtake supply increasing markedly over recent months.”
Western Areas is hoping to take advantage of the growing demand for nickel sulphide for electric vehicle batteries with its Mill Recovery Enhancement Project, which is on target for commissioning in the March 2018 quarter.

“We are effectively creating a product for the EV battery supply chain from a specific cut of the live tailings stream that was previously discarded,” Mr Lougher said.
Western Areas shares were up 12c, or 4.84 per cent, to $2.60 at the open.

https://thewest.com.au/business/mining/west...e-ng-b88575298z
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 25 2017, 05:50 PM
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Shorts may need to run for cover - WSA currently 3rd most shorted stock. According to AFR, WSA has fielded multiple interest in product from global battery market players.

http://www.afr.com/business/mining/electri...20170725-gxicci

1 ORE OROCOBRE LIMITED ORDINARY 19.22% 0.13
2 SYR SYRAH RESOURCES ORDINARY 17.70% 0.66
3 WSA WESTERN AREAS LTD ORDINARY 17.33% 0.61

And a number of notable alerts in recent days

Mon 24th Jul, 2017 1,371,656 272,276,625 0.50% 1,869,457 73.37%
Fri 21st Jul, 2017 2,409,186 272,276,625 0.88% 3,467,034 69.49%
Thu 20th Jul, 2017 1,043,875 272,276,625 0.38% 2,112,837 49.41%
Wed 19th Jul, 2017 1,609,043 272,276,625 0.59% 2,590,574 62.11%
Tue 18th Jul, 2017 962,484 272,276,625 0.35% 2,235,237 43.06%
Mon 17th Jul, 2017 1,599,734 272,276,625 0.58% 3,292,601 48.59%
Fri 14th Jul, 2017 1,706,808 272,276,625 0.62% 2,627,490 64.96%

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
cooderman
post Posted: Jan 23 2017, 01:31 PM
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WSA closed that gap... support may be lower down.
At about 2.30pm

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