I think its being pushed up because the good news is getting out. WAF has good upside from here.
WAF is a better buy at the current price then PRU, which is going to need around $USD260m for its next project and will likely issue another 200-400 million shares on top of its 1.3b (fully diluted) shares on issue to help fund it. PRU does have two producing mines but these have relatively short mine lives unless they get lucky with the drill, and Edikan does not have much of an operating surplus.
Gold Pirate is standing by in the wings to buy WAF at 40 cents.
loki
Ann: WAF confirms Sanbrado as 200koz gold producer by 2020, page-61
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Last
$1.46 |
Change
-0.060(3.96%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.45 | $3.995M | 2.715M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 54405 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 26146 | 2 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
