They are trying to generate profits pushing paper around, a bit of a zero sums game but it seems to work for them.
Aug 29 (Reuters) - West African Resources Ltd (WAF) : 2023 GUIDANCE MAINTAINED AT 210,000 - 230,000 OZ GOLD AT AISC OF HY PROFIT AFTER TAX A$82.4 MILLION H1 2023 REVENUE A$309.7 MILLION ON TRACK TO BECOME A +400,000 OUNCE PER ANNUM GOLD PRODUCER UNHEDGED 10-YEAR PRODUCTION OUTLOOK ESTIMATES PRODUCTION OF MORE THAN 200,000 OUNCES OF GOLD P.A. IN 2023 AND 2024 UNHEDGED 10-YEAR PRODUCTION OUTLOOK ESTIMATES PRODUCTION OF MORE THAN 400,000 OUNCES OF GOLD P.A. FROM 2025 TO 2032
In 2025 they could be making $400M PA profit and current market cap of $780 and includes a lot of cash, if WAF survives to 2025 and investors can hold on they are getting a big reward.
Ann: Ceasing to be a substantial holder, page-11
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Last
$1.39 |
Change
-0.018(1.25%) |
Mkt cap ! $1.428B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.42 | $1.38 | $1.406M | 1.009M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 36961 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 15385 | 14 |
View Market Depth
| Last trade - 13.57pm 14/06/2024 (20 minute delay) ? |
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Last
$1.39 |
Change
-0.018 ( 1.30 %) |
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| Open | High | Low | Volume | ||
| $1.39 | $1.41 | $1.38 | 398018 | ||
| Last updated 14.18pm 14/06/2024 ? | |||||
| WAF (ASX) Chart |