Vanguard fund has become a substantial holder
WAF looks bullish @ $1.215c +3.4% .. market depth building imo
***not investment/trading advice per say
WAF - West African Resources
- Thread starter Joe Blow
- Start date
Gold @US$1,901 overnight!
& seems destined to re-test US$2,000+ soon imo WAF better start kicking on higher ( fingers crossed they deliver cracking quarterly production numbers/profit come 23/01 )WAF now @ $1.285c +2.8%Gold @US$1,901 overnight!
I'm banking on unhedged Gold producer WAF to be making/minting serious profit $$ upon their upcoming Quarterly report due on or around 23/01/2023 - so worth watching given ever increasing Gold price.
Cheers tela
P.S. Reckon WAF chart looks set to breakout to the upside having made a good move up in recent day's
Cheers tela
P.S. Reckon WAF chart looks set to breakout to the upside having made a good move up in recent day's
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took my WAF off the table for a profit.
Will buy back in if it gets back below 1.17.
Mick
Will buy back in if it gets back below 1.17.
Mick
Cudos to you Mick as pleased for you/well done! ?
I'll await quarterly report & potential $1.50+ target that I have in mind (finger's crossed).
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Good luck with that 1.50!Cudos to you Mick as pleased for you/well done! ?
I'll await quarterly report & potential $1.50+ target that I have in mind (finger's crossed).
If it gets to 1.50 i will be more than happy, as most likely gold will be approaching 2k and some of my other 'investmnts" will be looking a lot happier.
Mick
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Still holding although might sell half - Africa and specifically B.F risk
Took a look yesterday after @Telamelo but reluctant to try to chart predict on goldies now as I don't have confidence that this gold run won't lose steam soon, let alone the broad market. But my notions were 1.35 looked a good chance and a retest of 1.40 zone of resistance a fair chance. Chart has been highly volatile for a few years now on a monthly scale.
Held
Took a look yesterday after @Telamelo but reluctant to try to chart predict on goldies now as I don't have confidence that this gold run won't lose steam soon, let alone the broad market. But my notions were 1.35 looked a good chance and a retest of 1.40 zone of resistance a fair chance. Chart has been highly volatile for a few years now on a monthly scale.
Held
Nice to see Director's spouse acquire another 351,759 shares on market on 13/01/2023
greggles
I'll be back!
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Just took a quick look at this one. The share price is taking a bit of a beating today. Any idea what is behind the ~6% drop?
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@greggles hadn't thought about it as it's an off day for many goldies. But you're right, WAF one of the worst after SBM and GMD.
My guess is reaction to lower grades and this quarter's production being a little below the average?
Possibly the part of the announcement referring to raising $300m debt to develop Kiaka (Kiaka looks very good and long life too)
Held
My guess is reaction to lower grades and this quarter's production being a little below the average?
Possibly the part of the announcement referring to raising $300m debt to develop Kiaka (Kiaka looks very good and long life too)
Held
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greggles, I just sold half of mine @ 1.19 as been looking at other commentary and apparently capital costs have been consistently high. I don't usually look as deep as this if I have confidence in management. So I've sold half as a precautionary move while I try to work it out. I noticed low cash build for the Qtr but this is something that I expect to vary anyway.
Held
Gold is only $57 away from US$2,000! and here we are with WAF sp heading lower - seriously wtf is going on/we missing here !? Reckon I might need to consider putting in a lowish bid at $1 lol
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WAF has probably had its best three quarters of production.
It is unlikely to produce the whopping free cash flow of these initial workings, grades fall off, strip ratios climb, costs start to increase.
That being said, I would also buy in at anything below a buck.
Mick
I think there'll be very strong support around $1 level - really can't see WAF sp falling much lower than that unless gold price capitulates (which seems highly unlikely imo).
P.S. Recall that by early 2025 WAF says it wants to be a 400K+ Gold producer! (a doubling of current output)
Stochastic 'buy signal' so possible bounce here imoThat lower 'open price gap' @ $1.025c since got closed/filled this morning
