Same opinion as you Esh - the risk reward potential seems absolutely rubbish now considering the orebody is really good, and the country and development risk is still there.
I took some early gains quite a while ago but am also reluctant to average down as it seems that the shre price is totally unresponsive to good news. I know that all gold producers and explorers have had a bit of a mixed story over the past year so there is a sector wide story of some gold miners giving us good returns and others that just can't seem to do so despite the good fundamentals of WAF's project.
Like you - I am looking for multi-bags to justify having additional money here and I can't see a takeover offer producing that. Certainly the share price seems immune to good news on drill intercepts and resource size/grade.
Still holding a small amount but reluctant to averaging down for the reasons you specified.
WAF Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
