WAF 0.84% $1.49 west african resources limited

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  1. 2,013 Posts.
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    Very true, except that the market isn't always right, that's why we look for opportunities. The grades ere are phenomenal, the delay is disappointing; I got no reply from a request for info re: DFS. I am hoping it's because the new finds that were ongoing have varied the size of applicable open-pit because of the continuity that seems to be present in the results.(Without mining engineering software it's tough to ascertain this but my back of envelope seems likely).

    The earlier post of other thread from Canadian investment co. undoubtedly used an engineer to simulate the mine based on Reserves... so "the market" I believe is responding to the word "delay" i,e; Traders. Obviously that's a guess, but I believe an educated guess. If I sold here, for the sake of taking 4-8 weeks opportunities I'd be afraid of missing the DFS spike. As I expressed earlier I was of the opinion based on the repetitive morning buying that there has been some accumulation going on; again only opinion based on patterns. I have a chance to take some solid gains, but I am too worried about missing the boat for a rebuy to risk it.

    IMHO today represents a buying opportunity.
 
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$1.49
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