Not just that, I also read a very concerning article about Burkina Faso. The article stated that BF government/military now controls only 50% of the country. I will have a tax debt so I offset my WAF loss against my FY23 profits. There are less riskier places to be than BF which is potentially becoming a humanitarian disaster.
It's the sum of all parts. I still have a position in WAF which should indicate that I have not entirely given up on BF or WAF. Richard Hyde and team have been nothing short of sensational operationally, but this BF situation is out of there control. The biggest black mark against Richard was not divesting out of BF. Kiaka might turn out to be a cash cow but there is no doubt that Kiaka's capex commitment is also weighing on WAF's share price.
If WAF can get Kiaka up and going without a hitch WAF could easily be a multi bagger. BF is the biggest question mark?
WAF Price at posting:
82.5¢ Sentiment: Sell Disclosure: Held
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