WEST AFRICAN RESOURCES (WAF) Shares

ABOUT WEST AFRICAN RESOURCES

West African Resources Limited is as a gold exploration company that acquires, explores and develops projects in West Africa and Australia. It commenced with major construction works on its Sanbrado Gold Project in early 2019.

Sanbrado is fully funded to production, raising more than AUS Dollar 78 million in equity and USUS Dollar 200 million in senior debt 2018.

It is a robust project with an initial 10-year mine life, including more than six years of underground mining.

Sanbrado is expected to produce over 300 000 oz gold in its first year of production and an average of 217 000 oz a year in its first five years.

First gold from Sanbrado is expected in mid-2020.

OVERVIEW OF WEST AFRICAN RESOURCES

• West African Resources Limited is a gold exploration company with mineral exploration and feasibility study work as its principal activity. It focuses primarily on the Boulsa Gold project in Burkina Faso and Niger.

• The company has an almost 100% interest in the Tanlouka gold exploration permit in Burkina Faso and produces gold at its Mankarga 5 project in the same country.

• The company also has interest in the Sartenga copper-gold-molybdenum project and the Moktedu prospect in the southwestern part of the Boulsa Project.

• The company’s subsidiaries include Wura Resources Pty Ltd SARL and Swan Resources SARL.

VISION & VALUES OF WEST AFRICAN RESOURCES

• West African Resources Limited is committed to meaningful engagement with host communities. They participate in open, honest and transparent dialogue with host communities through regular community update meetings and work with government, community organisations and NGOs to develop and support community development projects.
• They are committed to minimising potential impacts and preserving the natural values of the areas where they operate, believing that good environmental management requires science-based identification, assessment and management of risks across all stages of the mining life cycle.
• They try to find solutions to local water challenges, take steps to limit impacts on local surface water access and supply, management of extreme climatic events, and work to balance the competing interests of agricultural, social, cultural and ecological water users.
• West African Resources Limited follows this sustainable value chain to ensure that current and future needs of customers are met and aims to maximise returns, income levels, growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE OF WEST AFRICAN RESOURCES

• West African Resources Limited’s shares trade on the Australian Securities Exchange (ASX) under the stock symbol WAF, listed in the Materials sector.
• Highlights of the company’s performance in 2019 include success and progress on its Sanbrado Gold Project. All major components are on site and installation has commenced.
• September 2019’s quarter summary showed US Dollar 61.1 million project expenditure, US Dollar 0.15 million administration costs with US Dollar 60.7 million cash at bank at 30 September.
• Due to West African Resources Limited’s continued good performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy WEST AFRICAN RESOURCES stocks / shares – A Step by Step Guide how to Buy / Purchase WEST AFRICAN RESOURCES Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy WEST AFRICAN RESOURCES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN WEST AFRICAN RESOURCES STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE WEST AFRICAN RESOURCES STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of WEST AFRICAN RESOURCES stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

1. Is it the best time to buy this stock / share?
2. Should I buy WEST AFRICAN RESOURCES stocks / shares in the current economic climate?
3. Can I afford to buy this stock / share?
4. What is the forecast of the stock / share growth?
5. What is the current price per earning ration on the stock / share?