WAF 6.99% $1.53 west african resources limited

Ann: Investor Presentation March 2024, page-3

  1. 2,769 Posts.
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    I really like Orezone, I never brought in because it's on a different exchange, but when it hit 70 cents I would have brought if I was able. I liked how they have 90 Million in debt as a profitable gold producer who paid down 30 Million of the debt last year, if gold goes up more that debt helps them to outperform as in the gold to debt ratio, ie as inflation increases the value of debt goes down while producing the perfect product for that period of inflation, doesn't always work out well like what happened to CAI and WMC (I brought that 1 week before they went into admin), but I'm still really interested in those sorts of plays with debt and gold miners because they can really outperform if/as gold gets going.


 
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