The biggest issue I see with PRU taking over WAF is that PRU are unlikely to be interested in buying an asset in Burkina Faso after they have just got burnt in Sudan. More likely they would be looking for an asset in a safer African jurisdiction similar to their current Ghana and Ivory Coast mines. After losing the potential to develop the Sudan asset for the foreseeable future, do they really want to bet the house with a takeover of WAF when another coup in BK is a non-zero chance given all the ongoing issues there? I'd love to see a PRU-WAF tie-up as much as anyone else, but not 100% convinced it's in PRU's best interests at the moment...
Ann: Meyas Sand Gold Project Update, page-8
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