RH continues to set the bar high by providing a clear picture of what WAF faces, but also what it achieves.
Political risk is part and parcel of operating in West Africa. Mines can get into production in 1/2 the time of Developed economies at capex prices that are not blowing out.
Plus, the U/G at Sanbrado is just waking up. Cannot help but be frustrated at myself when all those years ago the first study came out and I did not do my own D&D on what they had actually found. Share price was languishing at $0.05 and the 'market' lifted it's nose at WAF.
Then you have Orezone up the road with... a sound project (I would argue that it's stage 2 is on par with Sanbrado, but... but below Kiaka).
A merger would see a 600k p.a producer in 2026 (rising perhaps to 700k with tweaks at all the projects/plants).
Cannot help but find this table interesting and relevant to WAF. I think Orezone is slightly undervalued but it has $90m AUD in debt and still needs to fund it's expansion, whilst WAF is still net cash and producing approx 40% more ounces and will be producing 400k when Orezone starts producing close to 200-220k. Cost profiles for both WAF and Orezone align which likely makes any deals easier to swallow.
Though I doubt either company is in a rush to undertake the deal.
We will see of course.
- Forums
- ASX - By Stock
- WAF
- Ann: Investor Presentation March 2024
Ann: Investor Presentation March 2024, page-2
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WAF (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.48 |
Change
-0.003(0.17%) |
Mkt cap ! $1.521B |
Open | High | Low | Value | Volume |
$1.51 | $1.52 | $1.48 | $1.577M | 1.053M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 27298 | $1.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.49 | 36010 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 32246 | 1.480 |
22 | 104150 | 1.475 |
13 | 25370 | 1.470 |
14 | 160726 | 1.465 |
8 | 18429 | 1.460 |
Price($) | Vol. | No. |
---|---|---|
1.485 | 36113 | 32 |
1.490 | 61073 | 23 |
1.495 | 53913 | 15 |
1.500 | 125836 | 14 |
1.505 | 37160 | 13 |
Last trade - 14.52pm 04/06/2024 (20 minute delay) ? |
|
|||||
Last
$1.48 |
  |
Change
-0.003 ( 0.23 %) |
|||
Open | High | Low | Volume | ||
$1.51 | $1.52 | $1.48 | 472274 | ||
Last updated 15.11pm 04/06/2024 ? |
Featured News
WAF (ASX) Chart |