Fair enough but, like Esh, you’re looking at WAF like its operating in Oz. Things have changed the last couple of yrs in BF, and trending worse for now.
Risk Management is what all of us do, and that is what WAF management has done effectively imo. A lot of the upside has been lost in the process BUT the project itself is alive and well. The project could have been put on hold but you don’t want to think about where the share price would have got to. Instead, the mine will be built and with some luck the situation in BF improves in time for us to see better returns.
The opportunity has been there since the release of the Feasibility Study for the share price to be bid up, and bid up strongly by both retail and Institutional players. Instead, the share price languished because the market is avoiding risk and we’re about as risky as it gets.
IMO, a miracle we raised $200+ mill US under the circumstances.
Fair enough but, like Esh, you’re looking at WAF like its...
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Last
$1.52 |
Change
-0.010(0.66%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.55 | $1.51 | $2.794M | 1.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 27036 | 2 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
