Do not get me wrong, Davo, it was a pure speculation on my part (one could call it a noob guess), and I hope I formulated it as such. In any case, to avoid a potential scenario where gold price goes down while costs/other outflows increase further (achieving target AISC for a quarter or two would be a bit reassuring after the last two quarters of 2022) and WAF ends up with a bunch of debt…much easier to weather a storm with less leverage (I am very good at stating the obvious). May not lead to largest potential outcome for shareholders, but also limits the downside. I mean, I could live with a small, let us say 10%/15% dilution.
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News: WAF West African Resources Says 2023 Unhedged Gold Production Guidance 210,000 - 230,000 Oz, page-87
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