WAF 4.95% $1.54 west african resources limited

New to this company, having recently bought a position to...

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  1. 1,388 Posts.
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    New to this company, having recently bought a position to increase my exposure to Gold Mining. Concerns about security in Burkina Faso are over blown in my view. Management ticking off progress and keeping a low risk development profile. No automation or solar farm pretensions.
    Obvious the Banks on a massive attack on the Gold market to see if they can take it below the 1st Oct low at $1465. Massive volume in the US pre-market showing their hand. The Hedge Funds trapped the Banks in May and would like to do the same again now. My feeling is that the Banks will not succeed and that the Hedgies will sucker them into building another huge short position that they will not be able to get out of. We're in no man's land at the moment. The Banks are building their short position larger and larger. We'll have to see how this plays out in the next week or so. Any move above US$1520 will trigger the next squeeze.
 
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Last
$1.54
Change
-0.080(4.95%)
Mkt cap ! $1.749B
Open High Low Value Volume
$1.56 $1.57 $1.49 $7.925M 5.186M

Buyers (Bids)

No. Vol. Price($)
2 51530 $1.53
 

Sellers (Offers)

Price($) Vol. No.
$1.54 50809 1
View Market Depth
Last trade - 16.10pm 12/11/2024 (20 minute delay) ?
WAF (ASX) Chart
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