It's beginning to look a lot like a nickel war

It’s beginning to look a lot like a nickel war

It’s game on in the WA nickel sector as investors wait for Forrest and BHP to declare their hands. Plus, Sprott slaps big buy target on Centaurus, Macquarie says Boss is the way to play uranium theme and Coda prepares to put a resource under the tree. IGO has plugged its future nickel production hole by securing an endorsement from Western Areas (ASX:WSA) for a $1.1 billion/$3.36 cash takeover, a 35% premium to WSA’s undisturbed share price of $2.48 before discussions between the pair were first revealed on August 18.

Or has it? The market immediately carried WSA to $3.42, an 18c or 5.56% hike on the day. Clearly punters are betting that it is not all over just yet, with talk on the potential for the likes of BHP or Andrew Forrest to make a late play for WSA.

WSA is worth having thanks to its minimum 10-year/20,000tpa nickel production […]

About the author: StockMan

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