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West African Resources LtdWest African Resources LtdWest African Resources Ltd

West African Resources Ltd

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Gold Exploration - But would I buy ?$WAF a gold & copper exploration company focusing primarily on the Boulsa Gold project within Burkina Faso and Niger. The trendline has been broken and retested. We have seen a strong bullish candle today which is potentially the commencement of the bullish move. Whilst this may appeal to some traders, I consider the high risks of operating in Burkina Faso & will not trade it. As a general rule of thumb, I highlight ideas but I do not trace companies with operations outside Australia.
ASX:WAFLong
by UnknownUnicorn792892
2
$WAF - WEST AFRICAN RESOURCES - Running on market weaknessCurrently has a bit of interest with 172 buyers for 2,205,452 units vs 58 sellers for 1,504,738 units. Looks to have broken above an old resistance area on the daily and weekly charts with the current run on gold. Good chunky bit of volume behind it but might be a bit extended on the RSI. Could pull back but I like the look of the moving averages starting to cross back over. Worth a watch. West African Resources Limited is a gold exploration company. The Company's principal activity is mineral exploration and feasibility study work focusing primarily on the Boulsa Gold project within Burkina Faso and Niger. The Company has approximately 100% interest in the Tanlouka gold exploration permit in Burkina Faso. The Company is targeting gold production at its Mankarga 5 project in Burkina Faso. The project includes M1 South Prospect and M1 North Prospect. The Company also has over 100% interest in the Sartenga Permit. The Sartenga copper-gold-molybdenum project is a porphyry system. The inferred mineral resources contain approximately 174,000 tons of copper and over 651,000 ounces of gold. The Moktedu prospect is located in the southwestern part of the Boulsa Project. The prospect covers approximately 10 kilometers of strike and it is confined within a northeast trending regional shear. The Company's subsidiaries include Wura Resources Pty Ltd SARL and Swan Resources SARL.
ASX:WAFLong
by zAngus