WAF

1.00%

$1.48 west african resources limited

Obviously you’re upset with abusive comments rolling out thick...

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Mutley8

2,339 Posts.

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18/03/19

11:42

Post #: 37795718
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Originally posted by 2ic: ↑

I was prepared to give you the benefit of the doubt and call it ignorance, seems I have been too generous. Perhaps you just like getting a rise, perhaps you lick windows on the special orange school bus, whatever, one can lead a horse to blah blah.

The point you seem unable to fathom is that, like many investment funds of size, some people like (need) to look for less spectacular but less risky investments. From an average entry price of 23c I am currently up over 20% and am happy to play the long game for two years to be up at least 100% and hopefully multiple bags. A rising gold price would guarantee it but I'm gold price agnostic. If the gold price corrects back to $1100 I tell you right now every producer's share price will fall hard and all the speculative gold juniors will be taken out the wood shed and flogged. The lowest risk gold investment in a falling gold price is a boring but fully funded developer priced for no excitement, in fact priced for delays and disappointments, already so close to a valuation floor there is no further to fall. This is especially the case for very low cost projects that will make a heap of profit almost regardless how low the gold price falls... like WAF. If the gold price falls to $1100 WAF will likely fall to the very low 20's, still be on a PE of 1:1 and will get taken over for multiples from one of the many companies looking to expand via M&A action.

Such takeover suitors say a little prayer every night for one more gold price pull back so they can shake loose a cheap takeover from scared and underwater shareholders. Speccy juniors whose projects no longer stack up against high capex and low margins tend not to be taken over, they just dilute into oblivion so promoters can get themselves re-set at the very bottom again for another try next gold price run. You say there is no catalyst for share price growth but a takeover is exactly what a company in WAF's position is expecting. Could come any day, no warning of course, but a gold price pull back would help soften price expectations and guarantee it comes. Are you starting to see the low risk, high probability of high returns in WAF, why one can take a big swing with confidence of getting all your capital back in multiples, or am I still being too subtle?

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Obviously you’re upset with abusive comments rolling out thick and fast. Reality checks often does this, maybe you are in too deep who knows. Perhaps refrain from story telling with outlandish assumptions like applying factors at will. That post of yours was pointless as I’ve pointed out previously. Ignore history if you like, instos in charge now, distribution to retailers. Good luck getting out first........

WAF Price at posting: 28.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.48		Change -0.015(1.00%)		Mkt cap ! $1.866B

Open	High	Low	Value	Volume
$1.50	$1.51	$1.47	$4.533M	3.052M

Buyers (Bids)

No.	Vol.	Price($)
3	16973	$1.47

Sellers (Offers)

Price($)	Vol.	No.
$1.48	142850	10

View Market Depth

No.	Vol.	Price($)
1	3670	1.360
1	4785	1.355
4	42574	1.350
2	26140	1.345
1	4986	1.340

Price($)	Vol.	No.
1.370	46444	4
1.375	84504	4
1.380	66843	2
1.385	20785	3
1.390	109785	4

Last trade - 16.10pm 21/11/2024 (20 minute delay)

WAF (ASX) Chart

Obviously you’re upset with abusive comments rolling out thick...

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Obviously you’re upset with abusive comments rolling out thick...

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