WAF 1.00% $1.48 west african resources limited

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  1. 69 Posts.
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    Mutley, is this the capital structure of VEC? 2.14 BILLION shares on issue! Talk about a blown out share structure. For a project without a DFS, financing, and in the middle of the DRC, do you expect them to double or triple their shares on issue? I almost thought I was looking at the wrong company based on your critique of WAF. To add to the carnage they only own 60% of the Adidi asset. I wouldn't touch the company even if it doubled its resource.

    https://hotcopper.com.au/data/attachments/1472/1472642-3808f629d4d342057720ef35edc8b217.jpg



    https://hotcopper.com.au/data/attachments/1472/1472646-007cfe93d9a313f7f7f1dc9b68213873.jpg

 
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