Hey J, I view WAF as a leading example of how mines should be run, however, the political situation in the country is truly frustrating.
I have had to reduce my position in recent months, as while the company has great assets, the reality is, unless BF sees a radical change in the their ability to deal with the insurgency to the north, WAF is always going to suffer a heave discount. That being said, if they can get Kiaka into production, then even with all the issues, the company should re-rate.
I just noted that Endevour is looking at offloading its BF assets (perhaps another reason why sentiment on WAF is so negative. It's not a great look for BF and any investor thinking of buying WAF.
Endeavour may sell Burkina Faso mines as national security deterioratesI wonder if WAF would be interested in the Wahgnion mine. Its only 3 years old. If they can get it cheap enough, WAF would have a production profile of over 600k ounces p.a. Though of course... country risk would be the key issue, but... sometimes, going all in is not a bad option.
Or just buy both mines... but needs to be at a steep discount. Perhaps $600m AUD?
The war goes on, though I note the government is making some progress.
(20min delay)