Hey Nord, really appreciate your thoughts on the this thread. As you mention, I can only assume this a pre-cursor to a merger (not of equals, but... on reasonable terms). A 700k p.a pure Burkina Producer is going to have a lot of country risk ,but... not operational. The 3 projects all have long mine lives, perhaps some of the best in West Africa and with Richard running it, well... it would be a thoroughbred in a tough area.
Looks to be lots of synergies, both operationally and cost wise, which... is rare. Sort of like RRLs 3 plants in W.A (thought WAF/Ore have a tonne more gold!). I don't follow OreZone closely, but could there be potential funding synergies in regards to OreZones upgrade and Kiaka (or are they basically occurring at the same time)?
Could there even be the potential for ore from the different projects to be better mixed to provide higher recoveries? (more thinking about OreZone).
What a day to announce what I view as a really positive announcement
WAF Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)