I noted with interest the big sell off in WAF recently in response to the coup in Burkina Faso. It is a reminder once again of the one mine, one country risk , and the fickleness of shareholders.
Though WAF will likely rebound quickly , once the situation stabilises, TIE is also not immune.
The main reason for the BF coup was increasingly bold attacks by Islamists against government forces in both Burkina and Mali, and the government’s failure to do anything about it.
To a much lesser degree admittedly, similar things are happening in Cote d’Ivoire. Holders of TIE , like myself, should watch the political situation closely.
Hopefully, the CDI government will not allow the security situation to deteriorate .
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