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West African Resources

OTCPK:WFRS.F
Snowflake Description

Exceptional growth potential with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WFRS.F
OTCPK
A$278M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

West African Resources Limited engages in the acquisition, exploration, and development of mineral resource projects in West Africa. The last earnings update was 25 days ago. More info.


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  • West African Resources has significant price volatility in the past 3 months.
WFRS.F Share Price and Events
7 Day Returns
0%
OTCPK:WFRS.F
-1.9%
US Metals and Mining
-0.8%
US Market
1 Year Returns
-35.4%
OTCPK:WFRS.F
-22.5%
US Metals and Mining
7%
US Market
WFRS.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
West African Resources (WFRS.F) 0% 16.7% 32.4% -35.4% 55.6% -
US Metals and Mining -1.9% 2.2% 6.7% -22.5% 16.7% -12.1%
US Market -0.8% 2.7% 7.5% 7% 37.9% 47%
1 Year Return vs Industry and Market
  • WFRS.F underperformed the Metals and Mining industry which returned -22.5% over the past year.
  • WFRS.F underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
WFRS.F
Industry
5yr Volatility vs Market

WFRS.F Value

 Is West African Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for West African Resources. This is due to cash flow or dividend data being unavailable. The share price is $0.21.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for West African Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are West African Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:WFRS.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.01
ASX:WAF Share Price ** ASX (2019-04-11) in AUD A$0.32
United States of America Metals and Mining Industry PE Ratio Median Figure of 43 Publicly-Listed Metals and Mining Companies 8.83x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of West African Resources.

OTCPK:WFRS.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:WAF Share Price ÷ EPS (both in AUD)

= 0.32 ÷ -0.01

-32.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • West African Resources is loss making, we can't compare its value to the US Metals and Mining industry average.
  • West African Resources is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does West African Resources's expected growth come at a high price?
Raw Data
OTCPK:WFRS.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -32.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
81.8%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 23 Publicly-Listed Metals and Mining Companies 0.69x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for West African Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on West African Resources's assets?
Raw Data
OTCPK:WFRS.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.09
ASX:WAF Share Price * ASX (2019-04-11) in AUD A$0.32
United States of America Metals and Mining Industry PB Ratio Median Figure of 101 Publicly-Listed Metals and Mining Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,186 Publicly-Listed Companies 1.91x
OTCPK:WFRS.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:WAF Share Price ÷ Book Value per Share (both in AUD)

= 0.32 ÷ 0.09

3.46x

* Primary Listing of West African Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • West African Resources is overvalued based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess West African Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. West African Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WFRS.F Future Performance

 How is West African Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
81.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is West African Resources expected to grow at an attractive rate?
  • West African Resources's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • West African Resources's earnings growth is expected to exceed the United States of America market average.
  • West African Resources's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:WFRS.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:WFRS.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 81.8%
OTCPK:WFRS.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 82.4%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:WFRS.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:WFRS.F Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 367 226 187 1
2021-12-31 496 131 1
2021-06-30 485 285 289 1
2020-12-31 200 40 1
2020-06-30 0 -28 -33 1
2019-12-31 0 -8 1
2019-06-30 0 -22 -15 1
OTCPK:WFRS.F Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 1 -8 -7
2018-09-30 1 -21 -22
2018-06-30 0 -23 -25
2018-03-31 0 -21 -23
2017-12-31 0 -19 -22
2017-09-30 0 -16 -16
2017-06-30 0 -14 -14
2017-03-31 0 -12 -13
2016-12-31 0 -10 -10
2016-09-30 0 -8 -9
2016-06-30 0 -6 -8
2016-03-31 0 -6 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • West African Resources's earnings are expected to grow significantly at over 20% yearly.
  • West African Resources's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:WFRS.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from West African Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:WFRS.F Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.22 0.22 0.22 1.00
2021-12-31 0.15 0.15 0.15 1.00
2021-06-30 0.33 0.33 0.33 1.00
2020-12-31 0.05 0.05 0.05 1.00
2020-06-30 -0.04 -0.04 -0.04 1.00
2019-12-31 -0.01 -0.01 -0.01 1.00
2019-06-30 -0.02 -0.02 -0.02 1.00
OTCPK:WFRS.F Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.03
2018-06-30 -0.04
2018-03-31 -0.04
2017-12-31 -0.04
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.03
2016-06-30 -0.03
2016-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • West African Resources is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess West African Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
West African Resources has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WFRS.F Past Performance

  How has West African Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare West African Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • West African Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare West African Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare West African Resources's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
West African Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from West African Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:WFRS.F Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.81 -7.07 7.05
2018-09-30 0.63 -22.12 22.95
2018-06-30 0.46 -25.30 26.02
2018-03-31 0.38 -23.41 23.16
2017-12-31 0.31 -21.53 20.30
2017-09-30 0.22 -16.01 16.09
2017-06-30 0.26 -14.32 14.39
2017-03-31 0.23 -13.01 12.76
2016-12-31 0.18 -10.08 10.05
2016-09-30 0.11 -9.45 8.84
2016-06-30 0.03 -7.81 7.05
2016-03-31 0.01 -6.62 6.37
2015-12-31 0.00 -7.06 6.32
2015-09-30 0.01 -7.94 7.82
2015-06-30 0.01 -7.69 7.51
2015-03-31 0.03 -8.15 7.72
2014-12-31 0.05 -15.31 15.57
2014-09-30 0.05 -13.56 13.45
2014-06-30 0.06 -14.04 13.87
2014-03-31 0.08 -14.97 14.88
2013-12-31 0.09 -7.43 6.99
2013-09-30 0.12 -7.39 7.07
2013-06-30 0.15 -7.24 7.00
2013-03-31 0.15 -5.90 5.64
2012-12-31 0.17 -6.31 5.99
2012-09-30 0.21 -5.88 5.60
2012-06-30 0.25 -5.44 5.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if West African Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if West African Resources has efficiently used its assets last year compared to the US Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if West African Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess West African Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
West African Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WFRS.F Health

 How is West African Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up West African Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • West African Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • West African Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of West African Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • West African Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from West African Resources Company Filings, last reported 3 months ago.

OTCPK:WFRS.F Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 77.76 0.00 66.39
2018-09-30 37.80 0.00 35.41
2018-06-30 39.29 0.00 42.60
2018-03-31 39.29 0.00 42.60
2017-12-31 17.80 0.00 21.34
2017-09-30 9.08 0.00 10.59
2017-06-30 9.08 0.00 10.59
2017-03-31 9.08 0.00 10.59
2016-12-31 17.16 0.00 18.51
2016-09-30 17.16 0.00 18.51
2016-06-30 3.19 6.76 11.41
2016-03-31 -5.75 6.58 1.41
2015-12-31 -4.91 6.94 2.69
2015-09-30 -5.36 7.14 2.26
2015-06-30 -3.35 6.49 3.55
2015-03-31 -1.46 6.58 5.27
2014-12-31 0.19 6.17 6.26
2014-09-30 1.27 0.00 1.24
2014-06-30 2.49 0.00 2.56
2014-03-31 1.31 0.00 1.20
2013-12-31 3.02 0.00 1.35
2013-09-30 4.55 0.00 3.01
2013-06-30 3.37 0.00 3.35
2013-03-31
2012-12-31 5.20 0.00 5.03
2012-09-30 3.74 0.00 3.95
2012-06-30 3.74 0.00 3.95
  • West African Resources has no debt.
  • West African Resources had no debt 5 years ago.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • West African Resources has sufficient cash runway for 2.1 years based on current free cash flow.
  • West African Resources has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 54.9% each year.
X
Financial health checks
We assess West African Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. West African Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WFRS.F Dividends

 What is West African Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from West African Resources dividends. Estimated to be 0% next year.
If you bought $2,000 of West African Resources shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate West African Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate West African Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:WFRS.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:WFRS.F Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30
2021-12-31 0.00 1.00
2021-06-30
2020-12-31 0.00 1.00
2020-06-30
2019-12-31 0.00 1.00
2019-06-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as West African Resources has not reported any payouts.
  • Unable to verify if West African Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of West African Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as West African Resources has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of West African Resources's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess West African Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can West African Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. West African Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WFRS.F Management

 What is the CEO of West African Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Hyde
COMPENSATION A$350,213
CEO Bio

Mr. Richard Hyde, B.Sc. (Geology and Geophysics), MAusIMM, MAIG serves as the Managing Director of West African Resources, Ltd. Mr. Hyde served as Senior Consultant of Audits at Burey Gold Limited. He has managed large exploration projects and worked extensively within the industry as Regional Manager - West Africa and as a Senior Consultant with RSG Global based in West Africa and Australia. He is a geologist with more than 12 years experience in the minerals industry including over 5 years experience operating in West Africa. He has worked in a number of different geological environments in Australia, Africa and Eastern Europe. Mr. Hyde has been a Director at West African Resources, Ltd. since September 1, 2006. He is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM).

CEO Compensation
  • Richard's compensation has increased whilst company is loss making.
  • Richard's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the West African Resources management team in years:

1.6
Average Tenure
  • The average tenure for the West African Resources management team is less than 2 years, this suggests a new team.
Management Team

Richard Hyde

TITLE
Founder
COMPENSATION
A$350K

Padraig O'Donoghue

TITLE
Chief Financial Officer
COMPENSATION
A$230K
TENURE
0.8 yrs

Lyndon Hopkins

TITLE
Chief Operating Officer
COMPENSATION
A$256K
TENURE
2.3 yrs

Matthew Wilcox

TITLE
Chief Development Officer
COMPENSATION
A$278K
TENURE
0.6 yrs

Simon Storm

TITLE
Secretary & Non-Executive Director
COMPENSATION
A$65K
AGE
56
TENURE
11.5 yrs
Board of Directors Tenure

Average tenure of the West African Resources board of directors in years:

11.4
Average Tenure
  • The average tenure for the West African Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mark Connelly

TITLE
Non-Executive Chairman
COMPENSATION
A$46K
AGE
55

Richard Hyde

TITLE
Founder
COMPENSATION
A$350K
TENURE
12.6 yrs

Simon Storm

TITLE
Secretary & Non-Executive Director
COMPENSATION
A$65K
AGE
56
TENURE
11.4 yrs

Ian Kerr

TITLE
Non-Executive Director
COMPENSATION
A$18K
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Dec 18 Buy Padraig O'Donoghue Individual 13. Dec 18 13. Dec 18 40,000 $0.19 $7,484
19. Feb 19 Buy Stichtlng Lichfield., Endowment Arm Company 07. Dec 18 07. Dec 18 8,200,000 $0.18 $1,481,068
19. Feb 19 Buy Stichtlng Lichfield., Endowment Arm Company 12. Feb 19 14. Feb 19 2,184,996 $0.18 $375,487
19. Feb 19 Sell Mason Hill Advisors, LLC Company 16. Aug 18 06. Sep 18 -3,319,177 $0.23 $-720,653
20. Dec 18 Buy Matthew Wilcox Individual 13. Dec 18 13. Dec 18 400,000 $0.19 $74,843
19. Dec 18 Buy Lyndon Hopkins Individual 13. Dec 18 13. Dec 18 1,000,000 $0.19 $187,108
19. Dec 18 Sell 1832 Asset Management L.P. Company 13. Dec 18 13. Dec 18 -1,400,000 $0.22 $-307,808
19. Dec 18 Buy Van Eck Associates Corporation Company 10. Dec 18 11. Dec 18 2,593,683 $0.18 $460,880
12. Dec 18 Sell Lockheed Martin Junior Gold Company 11. Oct 18 12. Oct 18 -204,000 $0.20 $-41,455
12. Dec 18 Sell Lockheed Martin Corporation Master Retirement Trust Company 11. Oct 18 28. Nov 18 -330,000 $0.21 $-69,450
12. Dec 18 Sell Van Eck Associates Corporation Company 24. May 18 15. Nov 18 -1,835,000 $0.23 $-383,924
12. Dec 18 Buy Van Eck Associates Corporation Company 14. May 18 07. Dec 18 23,599,317 $0.24 $4,584,354
16. Aug 18 Buy Wilhelmus Pot Individual 09. May 18 09. May 18 3,486,009 $0.24 $831,981
16. Aug 18 Buy Mason Hill Advisors, LLC Company 09. May 18 09. May 18 9,402,515 $0.24 $2,244,032
16. Aug 18 Buy Stichtlng Lichfield., Endowment Arm Company 19. Jul 17 09. May 18 14,361,476 $0.24 $3,471,829
16. Aug 18 Buy Stichtlng Lichfield., Endowment Arm Company 19. Jun 17 25. May 18 5,218,507 $0.26 $1,380,118
30. Jul 18 Buy Mark Connelly Individual 10. Jul 18 10. Jul 18 60,000 $0.28 $16,925
09. Jul 18 Buy Padraig O'Donoghue Individual 27. Jun 18 27. Jun 18 72,995 $0.26 $18,795
11. Jul 18 Buy Mark Connelly Individual 10. Jul 18 10. Jul 18 60,000 $0.28 $16,571
08. Jul 18 Buy Lyndon Hopkins Individual 14. Jun 17 22. Jun 18 499,846 $0.26 $131,774
03. Jun 18 Sell 1832 Asset Management L.P. Company 31. May 18 31. May 18 -2,000,000 $0.24 $-489,262
10. May 18 Buy Lockheed Martin Junior Gold Company 04. Jan 18 04. May 18 1,724,773 $0.26 $452,084
X
Management checks
We assess West African Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. West African Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WFRS.F News

Simply Wall St News

WFRS.F Company Info

Description

West African Resources Limited engages in the acquisition, exploration, and development of mineral resource projects in West Africa. It holds 100% interests in the Sanbrado gold project; and the Boulsa gold project located in Burkina Faso. The company was incorporated in 2006 and is based in Subiaco, Australia.

Details
Name: West African Resources Limited
WFRS.F
Exchange: OTCPK
Founded: 2006
A$198,422,532
869,400,727
Website: http://www.westafricanresources.com
Address: West African Resources Limited
1 Alvan Street,
Level 1,
Subiaco,
Western Australia, 6008,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX WAF Ordinary Shares Australian Securities Exchange AU AUD 11. Jun 2010
OTCPK WFRS.F Ordinary Shares Pink Sheets LLC US USD 11. Jun 2010
DB W25 Ordinary Shares Deutsche Boerse AG DE EUR 11. Jun 2010
TSXV WAF Ordinary Shares TSX Venture Exchange CA CAD 11. Jun 2010
CHIA WAF Ordinary Shares Chi-X Australia AU AUD 11. Jun 2010
Number of employees
Current staff
Staff numbers
127
West African Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 00:54
End of day share price update: 2019/04/11 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.