West African Resources Limited (WAF)



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General Information
Company Name: West African Resources Limited
Stock Code: WAF
Website: www.westafricanresources.com
GICS Sub-Industry: Gold
Market Cap ($M): 32
Equiv. Shares (M): 270

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.120 $ 0.120 $ 0.120 $ 0.120 $ 0.120 118,285 0%

Company Overview

Business Description:
West African Resources Limited (WAF) is a gold resource company which focused on acquisition, exploration and development of resource projects in Burkina Faso, West Africa. The Company’s flagship project is the Boulsa Gold Project.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -7.2 -3.9 -- 0.0 0.0 0.0 --
2012  A -5.4 -3.3 -- 0.0 0.0 0.0 --
2011  A -3.9 -2.6 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Newcrest Mining (NCM) $8,677 M -0.0429 -0.3511 0.8381 20.0852 30.9543 16.8402 0.00 0.00 1.76
Northern Star Resources (NST) $1,031 M 0.2151 3.1696 -0.0350 21.8828 5.2482 5.4385 1.99 4.65 4.35
OZ Minerals (OZL) $1,302 M -- -- -0.6426 -- 86.1446 241.0112 4.66 4.66 3.49
Regis Resources (RRL) $880 M 0.9835 -0.5480 0.1323 5.8452 12.9317 11.4212 8.52 0.65 NaN
West African Resources (WAF) $31 M -- -- -- -- -- -- 0.00 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
WAF -- -- 6.98 -- --
Market 1.15 14.0 1.00 0.97 3.39
Sector 0.76 12.3 0.70 0.94 5.26

Directors
Name Position Start Date
Mr Simon Jonathan Storm Company Secretary,Non-Executive Director 15 November 2007
Mr Richard Hyde Managing Director 01 September 2006
Mr Francis Robert Harper Non-Executive Chairman 14 September 2009
Mr Colin Jones Non-Executive Director 28 February 2014
Mr Jean-Marc Lulin Non-Executive Director 29 January 2014

Substantial Shareholders
Holding Name
17,010,225 (8.67%) Jeanette Victoria Richardson
18,419,725 (9.39%) Francis Robert Hawdon Harper
16,050,000 (8.18%) Richard Hyde

Calendar of Events
Date Event
31 July 2015 Report (Quarterly)
30 April 2015 Report (Quarterly)
02 February 2015 Report (Quarterly)
30 October 2014 Report (Quarterly)
21 October 2014 Report (Annual)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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