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
$1.53 |
Change
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Mkt cap ! $1.567B | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.55 | $1.52 | $4.422M | 2.892M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 52332 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 54216 | 5 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.52 |
Change
0.000 ( 0.02 %) |
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| Open | High | Low | Volume | ||
| $1.53 | $1.55 | $1.52 | 3414320 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| WAF (ASX) Chart |