Bottomed? Who knows. Really going to try and pick it? I thought...

Bottomed? Who knows. Really going to try and pick it? I thought I picked it yesterday. Hmmm.

All I know is back in late October 2017, the resource for M1 south was increased by 150% to 1.2Mt at 14.4 g/t Au for 556,000 ounces gold (Indicated) and 0.41Mt at 14.4 g/t Au for 191,000 ounces gold (Inferred).

M5 was increased 40% to 35.9Mt at 1.3 g/t Au for 1,460,000 ounces gold (Indicated) and 12Mt at 1.1 g/t Au for 410,000 ounces gold (Inferred).

Gold price was $1275usd or $1660aud and the share price for WAF was $0.40.

Fast forward 6 months.

Lots of announcements have been put out of more gold and high grades with depth. Resource will only be bigger next resource update. How much of an increase is what we await.

Gold price today sitting at $1317usd or $1743aud and the share price has today closed at $0.345.

Stagnant share price last 6 months. Oh yes! Even going lower past month after hovering around $0.40. 14% drop since 6 months ago - really?

Ridiculous to watch and difficult to have money “stuck” here. Yes it is (if you are trading it). Long term no issues.
But when she pops. You don’t want to be the one without a chair.
And she will pop.
Confident? Yes along with the 5 analysts who have reports averaging SP of $0.64

Anyway seen this too many times and just when you think it will go on forever – boom.
So I am sitting tight but still rolling my eyes every time I see where the share price is at.

Good luck with the bottom though…I just think this is a good buy in price now. But that is me.

Disclosure: I have been buying the past 3 days (despite the 6 months of no sp appreciation.