WAF - West African Resources

[Sean K]

These guys are printing money. Just a matter of whether the red berets allow them to keep doing it or not. When they see these results they might think they're being left out a bit. WAF might be better off not telling anyone they're making a quarter of a billion after tax.

 

[mullokintyre]

These guys are printing money. Just a matter of whether the red berets allow them to keep doing it or not. When they see these results they might think they're being left out a bit. WAF might be better off not telling anyone they're making a quarter of a billion after tax.


View attachment 194757

Wow, smashed through all time High, @2.115 now.
Normally I would cash and take the profit, but really have nothing else where I want to put the money, and there is no reason why it cannot go higher.
Will start to worry if it gents into the 2.30 territory.
Mick

 

[Sean K]

Wow, smashed through all time High, @2.115 now.
Normally I would cash and take the profit, but really have nothing else where I want to put the money, and there is no reason why it cannot go higher.
Will start to worry if it gents into the 2.30 territory.
Mick

Looks like they're finally being recognised for the rise in POG and kicking goals. Imagine when Kiaka is fully operational and they're producing 400K oz @ $4K gold. The spectre of the red berets still loom.

 

[mullokintyre]

WAF had an investor presentation day, and below is the money slide.
They have already been making good cash flow.
Staring this year, gold production will double.
Down 8% today, but long term looks very nice thank you.
Mick

 

[Sean K]

WAF had an investor presentation day, and below is the money slide.
They have already been making good cash flow.
Staring this year, gold production will double.
Down 8% today, but long term looks very nice thank you.
Mick
View attachment 195081

Looks like they'll need to buy another mine around 2031 or earlier. They'll probably be able to pick up a 200K pa producer with cash by then.