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1.09%

$1.81 west african resources limited

Ann: WAF increases Indicated Resource 150%, grade 100% at M1 Sth, page-40

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GoldPirate

10,749 Posts.

1445

09/11/17

09:17

Post #: 28630047
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Originally posted by nordesmic ↑

Not sure if I can add a lot of value with another video. I agree with most of the broker reports and if anything they appear a bit conservative in terms of production forecasts. The chart looks pretty good and I think with the news flow coming up it is well set to move higher. The traders like to play games around these news events but the resource update did not appear to be a ‘sell the news’ event. I sold a few at 41 avg pre resource but bought them back at 38 after.

It will be interesting to see B2Gold’s exploration update due this quarter on Kiaka and particularly the Toega discovery. The broker reports for WAF note the potential lack of ore feed in the outer years despite the relatively small mill (this is a function of the extremely high grade). Toega looks to be a very good discovery although too early to tell if it could justify a plant of its own, which is part of the reason combining with Sanbrado would make sense.

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Just to clear up. You're not referring to WAF having lack of ore feed here?

Last edited by GoldPirate: 09/11/17

WAF Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.81		Change -0.020(1.09%)		Mkt cap ! $2.062B

Open	High	Low	Value	Volume
$1.83	$1.84	$1.79	$10.07M	5.554M

Buyers (Bids)

No.	Vol.	Price($)
4	38447	$1.80

Sellers (Offers)

Price($)	Vol.	No.
$1.81	86557	8

View Market Depth

No.	Vol.	Price($)
4	38447	1.800
3	68466	1.795
2	55410	1.790
2	45232	1.785
2	14501	1.780

Price($)	Vol.	No.
1.810	86557	8
1.815	38838	2
1.820	30197	2
1.825	31688	1
1.830	57918	2

Last trade - 16.10pm 28/10/2024 (20 minute delay)

WAF (ASX) Chart