Yes, WAF projects are long LOM, high quality, rare in the gold sector. Recent downturn must be primarily driven by the Yanks (Van Eck) leaving. Anyhow, as of 26 June, both GDX and GDXJ reportedly held 26m WAF shares. The market should be able to absorb them easily.
Morningstar Quantitative put out a valuation of $1.72, which I believe is out of a treacherous agenda to drive down the SP. Many new/innocent investors could be easily influenced as everyday they see this nasty poster on their trading platform (e.g. Commsec).
WAF Price at posting:
$2.25 Sentiment: None Disclosure: Held
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