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1.09%

$1.81 west african resources limited

Ann: West African Receives Firm commitments for A$150m, page-24

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cambam

2,168 Posts.

135

04/07/24

17:16

Post #: 74612256
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Originally posted by mmac22: ↑

Two and a half years ago the stock traded around $1.44 (October 2021). Gold was US$1,755. Now after two and half years of mining and generating cash plus significant capital expenditure plus a US$2,355 Gold price (a US$600 increase) the stock closes at $1.38. Anyone that thinks WAF has been a good performer and has a strong and high performing management team needs to zoom out a little. Company has never got close to it's PFS AISC modelling and hasn't returned a cent to share holders since it's been in production. Less than average is about the best rating I could give WAF's company performance. Winners thus far are limited to WAF management. They have taken high salaries and large bonuses to provide a negative return to shareholders over the past 2.5 years even with a US$600 increase in the price of gold. Investors need to call this out and look at the maths and not get sucked in by Managements constant spin on how good a job they are doing.

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its taken two and a half years to fill my bags at 90cents and under hasn't disappointed yet .....Hasnt returned a cent he says.... Mate just yesterday i was up 96% you need to sit down gracefully im pretty sure theres others here who make my 96% look miniscule

Last edited by cambam: 04/07/24

WAF Price at posting: $1.38 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.81		Change -0.020(1.09%)		Mkt cap ! $2.062B

Open	High	Low	Value	Volume
$1.83	$1.84	$1.79	$10.07M	5.554M

Buyers (Bids)

No.	Vol.	Price($)
4	38447	$1.80

Sellers (Offers)

Price($)	Vol.	No.
$1.81	86557	8

View Market Depth

No.	Vol.	Price($)
4	38447	1.800
3	68466	1.795
2	55410	1.790
2	45232	1.785
2	14501	1.780

Price($)	Vol.	No.
1.810	86557	8
1.815	38838	2
1.820	30197	2
1.825	31688	1
1.830	57918	2

Last trade - 16.10pm 28/10/2024 (20 minute delay)

WAF (ASX) Chart