WAF 1.13% $1.34 west african resources limited

Hi guys, has been a while since I called in on the threads here...

  1. 2,521 Posts.
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    Hi guys, has been a while since I called in on the threads here as I bailed out last year.

    Mighty disappointing to see WAF still around the $1 mark.
    Just a quick glance at the quarterly cash flows. Last 3 quarters customer receipts
    $109.1m + $133.6m + $114m totalling $356.7m for the 3 quarters. Add the average for that period of $118.9 gives approximately a grand total of $474.6m for the EOFY.
    It would seem the terrorist activity in Burkina is really effecting the SP as WAF should have gone to $2.00. Should be trading far higher than the $1 mark.
    Pretty disappointing to see WAF still at these levels. One consolation might be that Richard is/was keen to pay dividends so hopefully he can deliver that in the not too distant future.
    Best of luck to all holders here, Cheers stakx
 
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