agree. If it was almost anywhere else, would be in better shape already.
not straight away... Because of geopolitical risk WAF re-rate will most likely come when they've cleared the debt from Kiaka facility.
the risk factor is exacerbated when you hold debt - imagine if operations are shuttered because of local issues and you can't service the debt. if WAF can't get the gold out neither can their creditors... So analysts hold bigger risk factors until that time. The clearest jump after they started operations came in the quarter the debt was cleared.
assuming at that time there is more regional stability. If still unstable and value isn't reflected in the share price I think it'll become dividend stock or maybe even see a buyback. Both had been discussed by the MD in the past (albeit before Kaika was acquired)...
TIE Price at posting:
58.0¢ Sentiment: Hold Disclosure: Held
