WAF 1.01% $1.50 west african resources limited

WAF valuation, page-164

  1. 1,407 Posts.
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    The concern I have for WAF is that by signing an offtake agreement, they are essentially capping the speculation/profit potential if the POG should continue rising.

    Can you expand on this? How is upside ‘capped’ when bullion is priced at spot?
 
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$1.50
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