WAF 1.01% $1.50 west african resources limited

Yeah, gold coming off overnight, about $10 or so, but I don't...

  1. 2,285 Posts.
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    Yeah, gold coming off overnight, about $10 or so, but I don't think it will affect WAF too greatly.

    Somebody hoovered up 4 to 5 million shares yesterday, probably a fund, watch for the announcements (if they qualify).

    Insurgency troubles in Africa having no affect obviously - interesting.

    Has someone seen or heard of the results in the new revised DFS - looks like it.

    Or has someone heard of a takeover bid, or discussions taking place - perhaps this as well.

    Either way, a fund or someone else with deep pockets has decided to dive in and buy.

    I sold a couple to average down to 22 cents, just as a precaution, because I only have a small holding anyway, so no big deal, but it's going to be interesting to follow the trend here over the next week.

    Will the buying continue?
    Or will the next leg up have been achieved and we see it stabilise at 35 cents or thereabouts for a while?

    Watch the international mining news sites to see if anything is afoot.

    Gw
 
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