WAF 3.36% $1.44 west african resources limited

WAF - About to Breakout, page-177

  1. 391 Posts.
    lightbulb Created with Sketch. 240
    This is a qualitative re rate, not sure reading the quantitative tea leaves makes much sense right now...

    Has been trading around 0.5npv at $1 - $1.10. for nearly a year, a large risk assignment because of the debt they had to service.

    Sprott has it getting up to 0.9NPV or $1.90 once they're debt free. That was forecast for Q1 CY22 but by reaching the higher end of production guidance they're probably net cash already.

    so I reckon the analysts are starting to adjust their risk ratings, call it 0.7NPV or $1.50 until the debt payment is announced... Then it'll jump again

 
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