WAF 2.05% $1.49 west african resources limited

Not sure why WAF is priced this way. The NPV of the new mine is...

  1. 659 Posts.
    lightbulb Created with Sketch. 240
    Not sure why WAF is priced this way. The NPV of the new mine is about $1.3b, so it looks like the market is pricing this company at a massive discount.

    Management seem to be doing a great job. Look very professional, Sure some country risk, but show me where there is none. Ask the coal guys, Santos or BHP about country risk. The recent royalty raise, seemed very fair given the price of gold.

    WAF looks like a takeover target at these prices and given the shenanigans at TIE, nothing would surprise.

    GLTA.

    DYOR
 
watchlist Created with Sketch. Add WAF (ASX) to my watchlist
(20min delay)
Last
$1.49
Change
0.030(2.05%)
Mkt cap ! $1.531B
Open High Low Value Volume
$1.48 $1.51 $1.47 $3.987M 2.673M

Buyers (Bids)

No. Vol. Price($)
1 3936 $1.49
 

Sellers (Offers)

Price($) Vol. No.
$1.50 12948 2
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
$1.49
  Change
0.030 ( 2.90 %)
Open High Low Volume
$1.48 $1.51 $1.47 769511
Last updated 15.59pm 16/05/2024 ?
WAF (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.