Had Leo got reamed there and waiting for the payout of cash, which is annoyingly staged. Hopefully they are able to monetise the royalty.
I bought WAF today for the first time. Margin is too good to turn down, even with an increase in free carry from 10% to 15% on new licences. Take away the fact it is in Africa and QLD did similar things with the super profit tax/royalty on coal mines.
I think it is fair that African countries up the stakes on these projects given the quality of the resources.
Ann: Burkina Faso Adopts New Mining Code, page-21
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$1.40 |
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