It’s interesting that RSG market cap is now same as WAF. There is just simply no comparison about the two except similar geolocations. Geopolitically, one in Mali and one in Burkina Faso, both areas are facing ISIS threat, not much difference; however, WAF is very profitable while RSG just managed to make some profits; WAF has more than double reserves than RSG and longer mine life; WAF is on the way to significantly increase production while RSG’s Mako is on the way out. WAF management is well recognised for their track records while RSG, to name the least, still has someone many experienced investors really want to avoid. Further more, one is net cash and another one is still in debt and with pending large tax liabilities.
If I hold RSG shares, I would switch over to WAF now without second thought.
WAF Price at posting:
$1.04 Sentiment: Hold Disclosure: Held
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