$WAF - WEST AFRICAN RESOURCES - Running on market weakness

26 Ogo 2019

Currently 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.

28 Ogo 2019

Nota

Got lucky on the timing. Nice little 7% next day bump.

27 Okt 2019

Nota

Retesting that resistance area. Possible 30% upside if it bounces, but wait for the confirmation :)