I was just thinking last week that it was a good time for Richard to come out from behind the desk and address the goings-on in BF to soothe markets' jitters. He did a good job, IMO. The only query I have is at what interest rate can WAF borrow money to fund the new mine? 6%+ can look a bit risky and would likely dent the SP a bit if enacted due to increased risk.
I'm not as worried about sovereign risk as other are though. You can get worse problems in so-called safe havens like Canada with soaring labour costs and Covid absenteeism. West Africa is gelling up and getting together to shake off the old days of constant turmoil and I think the days of those Muslim gangsters are numbered.
Burkina Faso Regime Forcibly Purchases Gold from Endeavour Mine, page-77
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Last
$1.51 |
Change
0.045(3.08%) |
Mkt cap ! $1.546B | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.51 | $1.47 | $18.09M | 12.04M |
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| No. | Vol. | Price($) |
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| 3 | 49177 | $1.50 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 90717 | 8 |
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| WAF (ASX) Chart |