That's tough luck that is. It is an AK47 jurisdiction after all. The resource curse* strikes again. Regardless WAF will survive this. Thrive even. Australians are resilient.
High grade** the hell out of the BF asset and then use the profits to buy an assets in a safer jurisdiction. WAF BOD and management pretty much have this in mind as a solution right about now. If RED can do it (after it got bent over in the Philippines) WAF can do it too.
- * The resource curse is a paradoxical situation in which countries with an abundance of non-renewable natural resources experience stagnant economic growth or even economic contraction.
- ** In mining, high grading refers to mining out the portions of the orebody that has the highest grade of material to be mined.
That's tough luck that is. It is an AK47 jurisdiction after all....
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$1.54 |
Change
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Mkt cap ! $1.752B | |||
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| 1 | 10499 | $1.54 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 14340 | 1 |
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