WAF west african resources limited

Ann: Increase to Gold Royalty Rates in Burkina Faso, page-12

  1. 1,415 Posts.
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    We knew an increase to Royalties or Taxes was on the cards after government review was announced. There was an understandable amount of doom and gloom and I am sure a bunch of investors sold out at the prospect. Now the announcement comes out and it's honestly on the benign side. I am thankful that BF gov engaged with the large gold companies and kept the increase under control. BF can now return to investors radars. This must lead to some re-rate for WAF over the next few months.
 
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