Agree with that.
Right now WAF is undervalued since it is a single mine company. To remedy that a second mine would be needed.
My preference would be a nice development project with a large resource, somewhere in West Africa, but in a different country than Burkina Faso.
Given that WAF has a low valuation and ample cash, financing should be via debt and out of cash reserves. Also in 2022 some of the cashflow should be used to initiate a dividend and do some buybacks.
Ann: WAF produces record 82koz gold in September Quarter, page-58
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Last
$1.45 |
Change
0.065(4.71%) |
Mkt cap ! $1.646B | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.46 | $1.40 | $7.867M | 5.538M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 95028 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 36100 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WAF (ASX) Chart |