Well run company. Positioned well for potential XAUUSD bull run.
My 2 cents. Through lens of an investor/potential bag spinner of Waf im concerned about political (in)stability of Burkina Faso and West Africa.
Investing in mining companies In Burkina Faso hold a certain amount of risk which is known. However capitulation in oil prices (Saudi geo-political games/corona) could see oil prices be supressed for a long period of time or even trade negative (not just cush future contracts). A lot of the surrounding regions rely on oil revenue and in an environment of suppressed revenue for local governments (e.g oil is roughly 50% of Nigeria's revenue with breakeven for crude at around $22 per barrel) I see increased risk for Waf (and its investors) if surrounding governments run out of cash, they will likely run into trouble.
Baked into price? / am I missing something that Waf have implemented to hedge this
Well run company. Positioned well for potential XAUUSD bull...
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Last
$1.66 |
Change
-0.045(2.64%) |
Mkt cap ! $1.889B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.71 | $1.65 | $4.997M | 2.993M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 41 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 21655 | 2 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| WAF (ASX) Chart |