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WAF

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4.39%

$1.42 west african resources limited

Fair enough.. Each to their own J..

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4shadow

2,748 Posts.

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14/10/20

00:55

Post #: 48071141
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Originally posted by Jrowl1 ↑

My concern with WAF is it's unhedged, not that isn't bad but I think it's being overvalued on NAV basis because there are no hedges, other companies have hedges but those hedges will bleed off over time as their debt decreases increasing their profits going forward and more share price growth for them compared to WAF. The presentation says they will average 217kozpa over 5 years, I just don't see it as a value play unless gold goes up a lot in the short term, if gold slowly goes up the companies with hedges are better plays, I'm not considering here if gold goes down because regardless of hedges everyone involved in gold will be stuffed, waf, rsg etc the whole lot. WAF is an ok place for your hard earned, I just don't think it's the best place and people here over promote it, rms is in Australia and going to produce 70koz more than waf, their market cap is much higher by maybe 50% but it's less risk for the production but not valued much above waf for the production amount. I just don't see WAF as a screaming buy like everyone else here.

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Fair enough..
Each to their own J..

WAF Price at posting: $1.08 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.42		Change -0.065(4.39%)		Mkt cap ! $1.609B

Open	High	Low	Value	Volume
$1.43	$1.44	$1.40	$7.122M	5.030M

Buyers (Bids)

No.	Vol.	Price($)
1	9250	$1.41

Sellers (Offers)

Price($)	Vol.	No.
$1.42	15872	3

View Market Depth

No.	Vol.	Price($)
5	47504	1.400
8	89882	1.395
3	33415	1.390
2	6281	1.385
5	27518	1.380

Price($)	Vol.	No.
1.415	15872	3
1.420	43906	5
1.425	77101	3
1.430	28647	3
1.435	18647	2

Last trade - 16.10pm 05/08/2024 (20 minute delay)

WAF (ASX) Chart