ASX:WAFMetals and Mining
Does West African Resources' (ASX:WAF) Shifting Institutional Register Recast Its Risk‑Reward Story for Investors?
In early February 2026, filings showed Mitsubishi UFJ Financial Group ceased to be a substantial shareholder in West African Resources, while entities linked to First Sentier Group Limited and Morgan Stanley increased their holdings, reshaping the company’s institutional register.
This reshuffling of major shareholders highlights shifting institutional appetite for exposure to West African gold producers, potentially affecting liquidity, analyst coverage and how the company is perceived by...