Well run company. Positioned well for potential XAUUSD bull run.
My 2 cents. Through lens of an investor/potential bag spinner of Waf im concerned about political (in)stability of Burkina Faso and West Africa.
Investing in mining companies In Burkina Faso hold a certain amount of risk which is known. However capitulation in oil prices (Saudi geo-political games/corona) could see oil prices be supressed for a long period of time or even trade negative (not just cush future contracts). A lot of the surrounding regions rely on oil revenue and in an environment of suppressed revenue for local governments (e.g oil is roughly 50% of Nigeria's revenue with breakeven for crude at around $22 per barrel) I see increased risk for Waf (and its investors) if surrounding governments run out of cash, they will likely run into trouble.
Baked into price? / am I missing something that Waf have implemented to hedge this
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