Ann: Quarterly Activities Report, page-9

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23/07/20

12:17

Post #: 46040854
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Originally posted by Un1qu3Nam3: ↑

WAF's "sovereign risk" meme is growing tiresome. How many times does it have to be factored in, over and over? If gold hit $1500, how many Ozzie miners would go to the wall? Most of them. How about that risk?

But OK. To try and address my own cognitive dissonance here: A similar thing happened with EVN when they off-took a few of Glencore's crown jewels after some analyst gave Glencore a valuation of $0 and they had to panic sell. It was an awesome coup for EVN but the SP tanked hard because they took on a boatload of debt to get it. That debt was paid off in record time, well ahead of schedule and then EVN re-rated hard northwards. Even though it was a no-brainer, institutions wouldn't touch EVN with a barge pole until money owed was gone.

So I see almost the exact same scenario here. Rivers of income, booming production. And the big boys go, "Nyet!" until they see that fiendish debt paid off. Dunno why. Maybe it's some metric calculation too clever for us retailers to understand but I swear, the day WAF klops that last repayment dollar on the lender's table, this stock will (insert rockets here).

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I'm not sure of the situation of EVN then but one more thing is WAF is 100% unhedged and $POG is high and I don't expect $POG to drop anytime soon.

Hopefully, Sep 2020 Quarterly just smashes it out of the park with the Cash In-Flow from that Quarter to be something ridiculous to like US$100m (just dreaming that happens and no expectations!!)

Last edited by ShareBeers: 23/07/20

WAF Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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Last $2.47		Change 0.065(2.71%)		Mkt cap ! $2.735B

Open	High	Low	Value	Volume
$2.47	$2.47	$2.42	$2.206M	898.7K

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No.	Vol.	Price($)
17	24173	$2.46

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Price($)	Vol.	No.
$2.47	18424	8

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No.	Vol.	Price($)
26	30443	2.430
15	65947	2.420
10	44108	2.410
21	61914	2.400
8	88810	2.390

Price($)	Vol.	No.
2.440	14070	16
2.450	80788	19
2.460	103062	13
2.470	70646	13
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