WAF 1.01% $1.50 west african resources limited

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  1. 2ic
    1,317 Posts.
    lightbulb Created with Sketch. 217
    26.5c is the breakout price from 12 mth downtrend, chasing a new higher high than previous breakout effort at 30.5c to confirm a new uptrend is on.

    FA screams upgrades to DFS and value coming this qtr, gold price seems a strong tail wind, and the large amount of sellers uncomfortable with BF exposure hopefully have exited stage left (very cheaply imo). Not just us on HC that can join the dots regards heavily discounted value about to become even cheaper as the reserves expand and annual production is increased with refinements to the mine plan.

    Plenty of gold mines in Mali and elsewhere throughout troubled west africa still employing thousands, pouring gold and paying their royalties and taxes without any disruption to the buisiness or safety of employees as far as I can tell. Lets see how far this can run before profit takers form the last sell off come in numbers?

    Cheers

    https://hotcopper.com.au/data/attachments/1446/1446201-01b1937775294859c390fcb83c67b058.jpg

 
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