WAF 0.00% $1.50 west african resources limited

Ann: Quarterly Cashflow Report, page-60

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  1. 521 Posts.
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    I think management cannot simply stop drilling, it doesn't make sense too. Especially if the project you have is super valuable and only grows in value with every hole. you cant find a deposit like this in Western Australia and if you do your lucky. The costs here are exceptional and i believe management wants to mine the project no doubt at all. The facts point to value creation through the drill bit but not to be taken over and to be used as a defense against a take-over.

    In the beginning it was clear that they were looking for offers but not anymore however, that doesn't mean it wont happen. if this 1000m hole hits grade above 100grams i think we will be pushed out and taken-over. i would like financing to come before results are released on this hole.

    This quarter will be one to focus on for sure.
 
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