"$233M is enormous for an explorer in high risk Africa, I can...

"$233M is enormous for an explorer in high risk Africa, I can only see downside from here until a decision to mine"

You need to do some reading before you post. The company is fully funded to mine and has started stripping the M5 deposit and will be opening the portal for the high grade M1 UG next month.

From what I have read in the past, your DRC company has scratched together a loan while they run around town hawking the project to investors. Western institutional investor are abandoning the DRC so the chance of getting funding for that project is very low. They would need to sell it to Barrick or the Chinese. Good luck with it though. Your first hurdle will be to find a few takers and get the loan monkey off your backs.

The pump and dump video sums it up pretty well but is not applicable to WAF. WAF's chart is better summed up by the typical explorer/developer/miner profile with the orphan period before mining has commenced (that has been exacerbated by some complicating factors).

WAF is investible whereas the company you mention is very much speculative at this stage. It is an interesting one to watch IMO and a far more likely candidate for a pump and dump if they can get the punters interested which in this market is difficult unless you have lithium. That's the sector that has attracted hoards of new and clueless investors to the exploration space who are willing to throw their money into the pockets of the seasoned and connected West Perth schemers. Esh