Well, BF Government just grabbed $150million and taking about 50% of profits. Clever move for BF so close to second mine being operational.
BUT the 15% ownership is just of the mine assets in BF and not of WAF and the distinction is important.
I think the likelihood of BF wanting more ownership in the future is more likely than not and hence it’s probably not wise to keep investing in BF and looking to other more friendly jurisdictions.
Maybe even sell the BF mining assets or leverage against them for a takeover bid of another mining company outside of BF. Lots of options but making a profit in BF is liquidity wasted.
Well, BF Government just grabbed $150million and taking about...
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Last
$2.32 |
Change
0.020(0.87%) |
Mkt cap ! $2.644B | |||
| Open | High | Low | Value | Volume |
| $2.31 | $2.34 | $2.30 | $9.117M | 3.929M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11926 | $2.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 19413 | 2 |
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| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| WAF (ASX) Chart |