Loading ...keep the boot on our necks and totally demoralize. Check, and check. Another perfect day for the scum. Over and out, until another repeat performance tomorrow. Have to crush NEM no matter how good their earnings may be….
Burkina Government decree to acquire 25% of Kiaka for $175 million
West African Resources Limited (‘WAF’, ASX:WAF) advises it has held extensive discussions with the
Government of Burkina Faso regarding the ownership structure of its Kiaka Gold Operations. On 16
April 2026, the Government published Decree No. 2026-0287/PF/PRIM/MEF/MEMC (Decree) in the
Official Journal of Burkina Faso. Publication of the Decree follows a meeting of the Council of Ministers
of the Burkina Faso Government held on 19 February 2026 that considered a draft decree to authorise
the Government’s acquisition of an additional 25% equity interest in Kiaka SA.1
The Decree authorises Société de Participation Minière du Burkina Faso (‘SOPAMIB’) to acquire an
additional shareholding in Kiaka SA and also details that:
the additional shareholding by SOPAMIB in the share capital of Kiaka SA is set at 25%, and is to
have a value of seventy billion (70,000,000,000) CFA francs (approximately A$175 million);2
and
the Minister of Economy and Finance and the Minister of Energy, Mines and Quarries are
responsible, each within their jurisdiction, for the implementation of the Decree.
WAF will work cooperatively with the Government to finalise the terms of SOPAMIB’s acquisition of a
25% shareholding in Kiaka SA. We will aim to have this completed by the end of CY 2026. WAF plans
to distribute the cash proceeds received from the sale of its 25% interest in Kiaka back to shareholders
by way of a special dividend.
WAF’s Sanbrado and Toega operations are not the subject of a request for additional participation by
the Government and are not referred to in the Decree.
West African Executive Chairman and CEO Richard Hyde commented:
“Publication of the Decree removes uncertainty regarding the Government’s interest in Kiaka. WAF will
proceed to finalise a transaction with SOPAMIB, which we aim to have completed by the end of CY 2026.
WAF plans to distribute the cash proceeds received from the sale of its interest in Kiaka back to
shareholders by way of a special dividend.
“Our discussions with SOPAMIB have been extensive and robust. During these discussions, we have also
explored opportunities for a mutually beneficial long-term partnership on advanced gold projects within
SOPAMIB’s current portfolio.
“I look forward to releasing WAF’s quarterly activities and cash flow reports later this week, which are
anticipated to report a record high cash position for WAF.”
WAF confirms it is in compliance with the ASX Listing Rules, including Listing Rule 3.1, and that this
announcement is intended to lift the trading halt of WAF’s securities and reinstate them to trade. This
announcement was authorised for release by WAF’s Executive Chairman and CEO Mr Richard Hyde.
West African Resources getting squeezed. At least they’re getting paid something … supposedly.
Don Durrett – goldstockdata.com
@DonDurrett
·
Burkina Faso is demanding the right to own 40% of West African Resources’ mine. They already have 15% free carry. Now they are demanding the ability to purchase an additional 25%. They will receive 40% of the profit.
Orezone Gold and IAMGold both have large mines in Burkina Faso. They likely will face the same demand. 🙄
Dollar up a little
But naturally the only thing it’s hurting is pm’s. SM futures are up, oil down 1%, Bitcoin up again after a big day yesterday.
More typical pre parabolic action that we saw forever.
edit: shares don’t look too bad, despite the weak metals they seem to be strengthening a bit
One thing about the ships
Heading for the gulf. I wonder how that’s going to work starting in June when hurricane season starts.
Deer
Thank you brother. I just hope it’s the right ideas. You fall down get back up. Just remember what God gives us wall street will try to take away.
Goldielocks
Thanks for the ideas. One of the reasons why I love this site; the ideas that we can share with each other!
Deer
Maybe not limit it to just PMs
Stocks that will service all those ships heading for the Gulf Coast may start to move, maybe even UNG. Here’s some of them, some are private some not
Major Oil Companies (Refiners and Suppliers)
- Chevron Corporation (CVX): A top producer in the Gulf of Mexico, providing crude oil and refined products directly to shipping lanes, with infrastructure that supports tanker loading.
- ExxonMobil Corporation (XOM): Provides bunker fuels and lubricants, with a significant presence in the Gulf Coast region.
- Phillips 66 (PSX): A major independent refiner and supplier of marine fuel.
- Valero Energy Corporation (VLO): A leading U.S. independent refiner with strong operations in the Gulf Coast, supplying refined products.
- Marathon Petroleum Corporation (MPC): A top U.S. refiner involved in marketing and transporting fuel.
- BP p.l.c. (BP): A major supplier in the Gulf of Mexico for both oil and bunker fuel.
VanEck +4
Maritime Specialized Suppliers
- Kirby Corporation (KEX): A NYSE-listed company that is the largest tank barge operator in the U.S., transporting refined products and providing bunkering services in the Gulf.
- World Fuel Services Corporation (WFS): A major supplier of marine fuel (bunkers) and lubricants in the US Gulf.
- Dan-Bunkering (Houston): Specialized in delivering marine fuels and lube oils to tankers, bulkers, and offshore rigs in the US Gulf.
- Crowley Maritime Corporation: Provides fueling services along the Gulf Coast.
Key Tanker Companies
While they primarily operate the ships, these U.S.-listed companies are major players in the logistics of transporting oil and refined products within the Gulf:
While they primarily operate the ships, these U.S.-listed companies are major players in the logistics of transporting oil and refined products within the Gulf:
- International Seaways, Inc. (INSW): A NYSE-listed company with a fleet of VLCCs, Suezmax, and product tankers.
- Teekay Tankers Ltd. (TNK): Operates crude and refined product tankers.
- Scorpio Tankers Inc. (STNG): A NYSE-listed provider in the transportation of refined products.
- Nordic American Tankers (NAT): Operates Suezmax tankers.
- Ardmore Shipping Corporation (ASC): Transports refined oil products and chemicals.
Deer79
I’m not sure I’d limit it to juniors. Small caps, large caps, all caps. They all have algorithmic weights attached.
Just me
…..but with each passing day, it becomes increasingly difficult to watch ( and attempt to trade) in such an inorganic, artificial algorithm controlled environment. I ask myself, “why should I buy anymore of the junior miners “ ( that I’m constantly told are cheap), on the hopes that they may have everything go right and appreciate in value……..
Business is good
Peter St Onge, Ph.D.
@profstonge
·
2h
An armada of 171 oil tankers are headed to America to buy 200 million barrels of oil — about half what’s left in the Strategic Reserve.
We’re gonna need a bigger drill.
Buy the dip?
DOW already turns positive. PM shares had a death drop at 0931 ET, but starting to recover some. Dollar is now negative.
Never know, China’s Xi tells Iran to open the strait, that’s helpful.
NEM earnings on Thursday.
AGNICO EAGLE TO CONSOLIDATE FINLAND’S CENTRAL LAPLAND GREENSTONE BELT IN THREE SEPARATE TRANSACTIONS
TORONTO, April 20, 2026 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company”) announced today a plan to complete a comprehensive consolidation of properties in the Central Lapland Greenstone Belt (“CLGB”) of Northern Finland, pursuant to which Agnico Eagle has entered into definitive agreements in respect of three separate transactions: (i) the acquisition of all of the issued and outstanding shares of Rupert Resources Ltd. (“Rupert”); (ii) the acquisition of all of the issued and outstanding shares of Aurion Resources Ltd. (“Aurion”); and (iii) the acquisition of a 70% interest in Fingold Ventures Ltd. (the “Fingold JV”) held by B2Gold Corp. (“B2Gold”), which together with the 30% interest held by Aurion, would result in Agnico Eagle owning a 100% ownership interest in the Fingold JV. The Company currently owns 13.9% of Rupert on a non-diluted basis and 9.9% of Aurion on a partially diluted basis.
Gold back above $4800
Maybe silver will try to retake $80. Dollar isn’t as strong as I would have thought. Neither are rates, course it’s early.
After 10 days straight up a pause was bound to happen……if we build a bull flag here then the SM will run to new records
Which says the IRGC are ‘effed and that could not happen to a more deserving bunch.
IRGC Terrorist Reportedly Seized Control of Iran’s Decision Making
IRGC Terrorist Reportedly Seized Control of Iran’s Decision Making
This will mean the 60 days factor is nullified.
Ipso
It’s a attitude, entitlement attitude. Everything’s racist, school and work. It didn’t use to be that way, the men used to be hard working and wanting to learn and being pushed back in those days. Maybe not all but many of them. Something happened in the 60s. The comparison of the elders to the kids. I’m not talking about most the women but the men. What did they do with their spare time, get in trouble. Because they trusted me I wasn’t going to turn them in the women would come to me and. I felt so bad for them when asked how to treat this wound or that including burns from drugs pipes or whatever on their men while these girls are working their arse off. But their must be a similar attitude including lack of commitment just one big party or game in some tribes in Africa too. In LA for years it was a epidemic of all men but the difference most whites still worked. For instance. The women I know Id feel sorry for anyone making a move on their husbands or boyfriends lol Quite a contrast to some women in Africa when men could have multi wives. So I asked a African woman about that. She told me in her words that their men are lazy so they prefer it that way so the women can help each other with the work. That the poverty areas are no different than the welfare areas here. Those teaching learning and work is racist is child abuse to me because they are setting these kids up to a world of hurt when times are already in a world of hurt and they are left with no skills.