CAPITAL MARKETS

Streeter, Lougher buy up after Western Areas price plunge

WESTERN Areas chairman and major shareholder Terry Streeter wants to reassure investors that the company is in good shape despite a big share price drop – so he has upped his stake in the business to prove it.

Kristie Batten
Streeter, Lougher buy up after Western Areas price plunge

Shares in the nickel miner have fallen about 35% so far this year – and 18% this past week – with yesterday’s closing price of $A2.90 the lowest point since the Global Financial Crisis in late 2008. ...

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