Ann: WAF Receives Strong Interest from Leading Debt Financiers, page-71

Yeah I watched the B2 presentation. Agree that he was pretty adamant about expending Fekola and that would be their focus and no M&A at this time. The Fekola expansion is not likely to be overly capital intensive though, so there might be room financially for further M&A later on.

I do take everything he says with a grain of salt given the entire company (and the one he ran before that - Bema (B1)) has been built from acquiring others. Companies frequently say they don't need to make an acquisition and then do it anyway. I bet if you went back to a time before B2 acquired each of its projects they would have insisted that they were focused on organic growth.

I wouldn't rule out other players being interested. Plenty of mining companies are short good projects and low cost ounces. I think the Randgold/Barrick merger might usher in a new wave of gold M&A. And then there are a range of other entities who could be interested. The recent takeover of Dalradian (similar specs to WAF) was by Orion which is an investment manager.