The perceived sovereign risk is what holds WAF back. If Traore could come out with some kind of public reassurance on the status of the company, that would be a massive mover. Personally, I'm not worried. I've watched a lot of Traore's speeches and he's not some banana republic dictator. He wants BF to move into the 21st century via a mix of fair, equitable, social development and investment. Snatching a foreign resource would crush any credibility his govt has. And I don't think he's interested in doing it anyway. WAF is a solid contributor to BF's progress both financially and local development-wise.
WAF Price at posting:
$2.40 Sentiment: Buy Disclosure: Held
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