As of Dec 31st 2023, $US120m of the $US430 capex need has been spent from free cash flow... with a further $US150m of the available project debt facility subsequently drawn in the March quarter. So that leaves $US160m remaining of the total pre-production cost for Kiaka, which remains on budget.
Will WAF need to draw down all of the remaining $US115m available on the PDF? They spent almost $US120m in 2023 from FCF so chances are they won't need to, especially given higher gold prices this year. Country risk is the biggest issue but the market has reacted very positively since the Toega mining permit was approved 2 weeks ago.
My timing is often wrong but, like many others, I've felt it safe to enter the water again on this one (buy more shares) since the permit was approved. Good luck to all holders.
Ann: Production Update - March Quarter 2024, page-10
Add WAF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.57 |
Change
0.013(0.80%) |
Mkt cap ! $1.781B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.59 | $1.54 | $2.870M | 1.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 100579 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 31341 | 13 |
View Market Depth
| Last trade - 12.36pm 17/10/2024 (20 minute delay) ? |
| WAF (ASX) Chart |