A great time to have USD denominated debt....
WAF does not care whether the USD strengthens or retreats further, all that matters is the fiat price (at least until the debt is paid off), which they can throw almost worthless paper money to its lender (which I have a feeling, will be very quick spend it).
That being said, I don't think WAF will pay off all the loan, instead, it will become like a overdraft facility.
Its development team is hungry... and wanting to get cracking on building another plant.
Toega is nice, but... with a few projects nearby close to development, I can only imagine that WAFs management have their eyes wide open.
Anyway, looking forward to what I assume, will be an announcement that the first stoping ore is processed (versus the 'boring' development ore).
Perhaps 6-8 weeks away?
Ann: Quarterly Cashflow Report, page-24
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$1.72 |
Change
-0.020(1.15%) |
Mkt cap ! $1.932B | |||
| Open | High | Low | Value | Volume |
| $1.71 | $1.72 | $1.70 | $3.203M | 1.876M |
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| No. | Vol. | Price($) |
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| 26 | 38355 | $1.72 |
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| Price($) | Vol. | No. |
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| WAF (ASX) Chart |