Share Price

I contacted Nathan to get a feel for for where we are at and whether there is any specific for S.P. drops in last few weeks.

He felt that the S.P. (as with all goldies) is just a reaction to the gold price exacerbated by sentiment and possibly stop-losses being hit.

He couldn't provide any information on results, the DFS is on track as per Ann for end of Dec. and release in January (Feb latest). Interestingly the words "exciting results" were spoken during this part of our conversation.

He was dismissive of sovereign risk. The permits, while timing is at the behest of a typical African bureaucracy, seem pretty much assured.

It seems to me a little strange that gold price would have such an effect on the stock, if we had a running mine whose actual profitability was measured by G.P. then it would make sense, but for WAF, whatever the G.P. we are finding more and more gold; extended from current reserves so we're increasing n value regardless of GP.

Ah well. such is market sentiment.

At these prices, I just tripled my holding.

P.S. This isn't financial advise, DYOR.