Over 2M shares traded today and absorbed by a hungry market. WAF SP should be much higher even with a 30% sovereign haircut. POG North of 2700, yesterday it was 2750, solid quarterly...yes a small movement on Aisc but still under forecast parameters of <$1300. The sales for Q2 are gonna be north of $2600 if the POG remains high. A new mine and North of 400k ounces will be a money printing machine. What to do with all that money once it materialises? Buy a new mine? M&A? Dividends?
its a great spot to be in and with the POG YoY up 40% in the past 12mths alone, the timing is perfect to realise appreciation. Shorters beware of going against WAF.
The V shaped bounce from the last attack has been telling.
WAF Price at posting:
$1.69 Sentiment: Buy Disclosure: Held
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