WAF 2.19% $1.79 west african resources limited

Kiaka, page-94

  1. 174 Posts.
    lightbulb Created with Sketch. 29
    The upcoming quarterly should be a pleasent surprise for the market.
    • Price of gold has been high all qtr
    • Reduced tax payments
    • Costs should be steady / slightly reduced (guessing BF receives discounted Russian oil)
    • Anticipating impressive cash build (gross of Kiaka expendiature)

    Unlikely BF falls off a cliff in the next 6 weeks.

    Agree that regular shareholder communication has been very poor. Likely a function of composition - only 18% retail investors.
    No doubt the big boys are being kept in the loop.
 
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