I doubt we will see a dividend for at least two years, WAF still have to pay off the Sanbrado project loan, approximately 125 million outstanding, Would be better to pay this down before any dividends and they also need some capital for exploration.(Comoe) better to spend any free cash on exploration and development.
I hope they can reduce the AISC to at least $750/$800 but doubt this as the last AISC was $992 with UG grades
at 10.2g/t . it’s a big ask and is high compared to recent presentations?
With the POG under pressure AISC is really important so I hope guidance is good.
I’m interested in the resource upgrade, my guess including Toega is a resource of around 2.8 M OZ maybe a bit more, this would be good for a company the size of WAF.
Im disappointed in the crickets, WAF need to be out and talking their story, Richards own words were “ we are going to create value with the drill bit”. WAF do have a good resource but they need to produce at a reasonable margin and pay down debt, the exploration potential is good.
Hope we get some news soon.
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