WAF

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$1.48 west african resources limited

WAF chart, page-68

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jonfrum

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24/04/23

12:58

Post #: 67428336
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Originally posted by Gusto8: ↑

Indeed, same here sub $1 for WAF - hard not to if you've able to.

In terms of danger - I reckon it's a trade-off really. Invest in Australia, and the likes, for stable government but higher project risk. Invest in West Africa for low project risk but heightened geopolitical risks. For me, I'll take the later. For the past 25 years I've been working in failed states and dodgy countries, so I'm probably desensitized to the geopol risks. Coups in such countries, in my view, are simply a third world version of elections. Obviously market sentiment will direct share price to a certain extent but the institutional investors are not stupid and do their risk assessment/due diligence etc thoroughly, as you'd expect. I'm more than happy going overweight with WAF and other extractive industries players in West Africa.

Ironically, when it comes to sovereign risk - Australia is no certainty. You've only got to view recent political history with various governments, of a certain flavor, slapping heavy additional taxes on various sectors of the extractive industries.

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Well there is some sovereign risk in Aussie - and there is SOVEREIGN RISK Burkina Faso style...

https://www.news.com.au/breaking-news/60-killed-in-burkina-faso-by-men-in-army-uniform/news-story/2070d82fd54b42112d6e5e77d9d70e96

Originally posted by Gusto8: ↑

Indeed, same here sub $1 for WAF - hard not to if you've able to.

In terms of danger - I reckon it's a trade-off really. Invest in Australia, and the likes, for stable government but higher project risk. Invest in West Africa for low project risk but heightened geopolitical risks. For me, I'll take the later. For the past 25 years I've been working in failed states and dodgy countries, so I'm probably desensitized to the geopol risks. Coups in such countries, in my view, are simply a third world version of elections. Obviously market sentiment will direct share price to a certain extent but the institutional investors are not stupid and do their risk assessment/due diligence etc thoroughly, as you'd expect. I'm more than happy going overweight with WAF and other extractive industries players in West Africa.

Ironically, when it comes to sovereign risk - Australia is no certainty. You've only got to view recent political history with various governments, of a certain flavor, slapping heavy additional taxes on various sectors of the extractive industries.

Expand

WAF Price at posting: 98.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.48		Change 0.000(0.00%)		Mkt cap ! $1.683B

Open	High	Low	Value	Volume
$1.44	$1.49	$1.43	$4.675M	3.205M

Buyers (Bids)

No.	Vol.	Price($)
1	46324	$1.47

Sellers (Offers)

Price($)	Vol.	No.
$1.49	29670	3

View Market Depth

No.	Vol.	Price($)
1	20000	1.450
2	30000	1.430
1	600	1.420
1	4594	1.415
2	4594	1.410

Price($)	Vol.	No.
1.495	10000	1
1.500	30000	1
1.510	13313	1
1.515	30000	1
1.520	28145	3

Last trade - 16.10pm 02/08/2024 (20 minute delay)

WAF (ASX) Chart

WAF chart, page-68

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Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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WAF chart, page-68

Top Stories

Is oil undervalued?

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GreenX picks up prospective copper project in Germany

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Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

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Buyers (Bids)

Sellers (Offers)

Featured News