I feel a bid is coming very soon. Just look at the shorting activity for the past week on shortman. Someone is trying to keep a lid on the share price.
Look at the chart.
This company is a bargain, when you look at the NPV of the two mines they will be operating in less than 2 years.
I may be wrong, but consolidation is happening everywhere. If management were smart they will have a defensive strategy and be putting it in place.
A placement to a friendly wouldn't go astray. Sure it may involve dilution, but they need to do something about the shorters.
GLTA
DYOR
WAF
west african resources limited
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1.92%
!
$2.66

WAF chart, page-356
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Last
$2.66 |
Change
0.050(1.92%) |
Mkt cap ! $3.032B |
Open | High | Low | Value | Volume |
$2.61 | $2.70 | $2.61 | $9.684M | 3.641M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 96153 | $2.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.68 | 62070 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 96153 | 2.650 |
5 | 75889 | 2.640 |
6 | 57338 | 2.630 |
3 | 44000 | 2.620 |
1 | 18000 | 2.610 |
Price($) | Vol. | No. |
---|---|---|
2.680 | 57488 | 4 |
2.690 | 23267 | 4 |
2.700 | 6430 | 3 |
2.710 | 4000 | 2 |
2.720 | 1398 | 1 |
Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
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WAF (ASX) Chart |