WAF 7.46% $1.44 west african resources limited

Going off these numbers from this announcement, puts this on a...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 432 Posts.
    lightbulb Created with Sketch. 41
    Going off these numbers from this announcement, puts this on a current PE multiple of approx. 4.4x.
    A multiple of around 5x is probably fair given the instability and sovereign risk, but at current price, zero value is attributed to Kiaka.
    Good buying after today's announcements and reassurance regarding mining licences.
    If current POG holds, I cant see how this wont be $3 within 12-18mths.
 
watchlist Created with Sketch. Add WAF (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.