WAF 1.04% $1.46 west african resources limited

Ann: Macquarie Australia Conference Investor Presentation, page-20

  1. 110 Posts.
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    Pretty sure that for the past few months now, for whatever reason, internally the company has been intent on seeing the share price go lower. I'm invested myself but I guess we should not be surprised by the share price action. Just my guess. Maybe there is in some capacity a focus on prioritising the milling of the lower grade ores while the second mine is being built. This would help with getting the share price down.

    No doubt, as has been pointed out. The company has been putting anything that they can (and some things they probably shouldn't) into AISC to reduce their perceived operating margins.

    The whole debt thing I think is largely just gaslighting. My guess is that, in principle a debt agreement has been bedded down many months ago. It is not like it wouldn't be super easy for them to get with their capacity for generating cashflow. However, no reason to formalise and announce a debt funding agreement if the uncertainty can help to put further downward pressure on the share price though. Especially if there is one or several large shareholders who are trying to sell on market and they have buyers who want to buy their shares cheaper. If they really wanted, guessing they could find a way to get Kiaka done without debt at all as some have suggested here before.

    Just my guess. Lots of things we do and don't know about no doubt.


 
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