WAF 19.5% $1.34 west african resources limited

Ann: Quarterly Activities Report, page-9

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  1. 1,846 Posts.
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    Latest MI broker coverage is 8 brokers covering 7 buy 1 hold = Strong buy.
    12 mth consenus price $1.67.
    Tend to ignore consensus where broker coverage is 5 or less as comercial interest comes into play but 8 a decent enough number to get an idea.
    Running at large discount to 'like peers', assume sovreign risk?
    Bottom line all to do with Au price, if that moves north so will WAF.
 
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