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WEST AFRICAN RESOURCES LIMITED (WAF)

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): 39
Equiv. Shares (M): 95

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.405 $ 0.410 $ 0.410 $ 0.405 $ 0.410 17,713 $ -0.005  -1.220 %

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.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A -3.9 -2.6 -- 0.0 0.0 0.0 --
2010  A -1.8 -2.2 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap A 2010 F 2011 F A 2010 F 2011 F A 2010 F 2011 F
Newcrest Mining (NCM) $25,947 M -0.0667 0.2254 0.0953 23.0670 18.8235 17.1860 0.0147 0.0102 0.0128
Oz Minerals (OZL) $3,551 M 2.3431 -0.4213 -0.2218 6.2320 10.7685 13.8371 0.0621 0.0447 0.0319
Regis Resources (RRL) $1,730 M -- 0.6101 2.5876 46.1358 28.6545 7.9870 0.0000 0.0000 0.0388
Resolute Mining (RSG) $1,403 M 0.0735 1.2523 0.0000 19.2793 8.5600 8.5600 0.0000 0.0049 0.0119
West African Resources (WAF) $39 M -- -- -- -- -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
WAF -- -- 7.54 -- --
Market 1.23 11.2 1.09 1.30 2.77
Sector 0.63 12.4 1.31 0.66 20.8

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 Stephen Ross Non-Executive Director (other) 14 September 2009

Substantial Shareholders
Holding Name
7,500,000 (4.59%) Mohammed Munkailah
7,750,000 (4.74%) Michael Morawa
15,050,000 (9.21%) Richard Hyde
16,840,225 (10.31%) Jeanette Victoria Richardson
17,812,725 (10.91%) Francis Robert Hawdon Harper

Calendar of Events
Date Event
25 January 2013 Report (Quarterly)
29 October 2012 Report (Quarterly)
26 September 2012 Report (Annual)
27 July 2012 Report (Quarterly)
25 April 2012 Report (Quarterly)
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