WAF west african resources limited

Anyone who has lived and worked in Africa (or PNG) would be well...

  1. 23 Posts.
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    Anyone who has lived and worked in Africa (or PNG) would be well aware that the value afforded to and effected against life is considerably less than we are use to in the West. Bloody coups are accepted, even if bloodless ones are desired (often due to fear of generational payback). Much of Africa almost respects violence or at least accepts it as a quasi-legitimate means to attain advantage. So it is not surprising that the likes of Wagner may be welcomed. If that means losing Western investment and aid, so be it, according to coup leaders. Despite recent albeit slow progression toward egalitarian societies (or recent Hollywood matriarchal warrior movies) political power in much of Africa rewards male brawn and bravado. Not to deny that numerous nations, and especially tribes, across Africa truly value women for more than child rearing or crop tendering and acknowledge the need for equality. That said, at least (some) installed leaders see the folly of cutting off their resources, despite their face. As learnt in Zambia, Tanzania and other jurisdictions, to the primary detriment of their people.
    So where does that leave WAF? Retail investors, at least, in mining stocks traditionally have looked to capital gain, as production increases and settles, and mines becoming stable earners. At least in politically-stable and generally legally secure, predictable jurisdictions. But when you have an exceptionally-managed, proven asset that just keeps generating huge cash flow but at considerable political risk (despite high-cost PRI to cover), then there is only so much you can reward executives and staff. In such situations, shareholders should come to expect rewarding dividends.
 
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