WAF 1.06% $1.43 west african resources limited

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  1. 4,965 Posts.
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    I had a stop loss set which got hit and about 2/3 of my holding outside my super got hit at 1.28. I chose not to rebuy at lower prices as I became comfortable with derisking a bit and letting the 1/3 that didn't get hit just ride. Still made money.
    i had significantly more in super which caused me a considerable reduction in my paper profit ( average 81 cents) but as this is always treated as long term, I will just expect it to rebuild slowly over time. If the BF government behaves itself then WAF is currently highly undervalued. But it is always wise to factor in the chance that the BF government will at some stage act in its own interest and be realistic about a discount being applied for sovereign risk.

    Christopher
 
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