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West African Share Discussion Threads
Showing 1276 to 1297 of 1300 messages
|Come on you teaser,you know you want to😜|
|Trump will drum up huge projects in US (from early next year) and as such will drive up iron ore/steel/coal price even higher. mega rally about to begin imho.
i am expecting share price to improve significantly over next few weeks and months here.|
Tomorrows....er, further rise!|
|Today's pumpTomorrow's dump|
|Thanks for that wiseacre|
|Quite a good one to pump since the company has, I believe, residual cash amounting to more than current market value. Also likely to be used as vehicle for reverse takeover.|
It is only us here so what are you on about a p&d?|
|Beware.This is the next pump from the pumping crewThey buy before they start posting. Sudden activity of trades to empty the orderbook, so the price will rise on each trade.Then they start pumping and make up ridiculous target prices, and the mugs can only buy at ever higher prices.The pumpers offload into the rise at well below their target price.You guys are left holding stock you can't sell.Wake up to it. Stop feeding the organised pumping crew|
|this was at 90pence a few years ago
so true i said it twice|
|Looks like a few buys from one person pushing this up.Also of interest GWMO for the next multibagger|
|many will be buying back again soon. with iron ore is rising, slowly people will start buying in again.|
|this was at 90pence a few years ago|
|ZIOC + WAFM -
real monster recovery plays if Iron ore prices hold up -|
|Stephen Dattels and Jimmy mellon still in this waiting Iron ore recovery -
Iron ore held well around $63 -
Top of the risers with hardly any trades yesterday -|
There will be some huge risers if we are at the bottom end of the commodity cycle|
|up 20% -
This has fallen from 70p+
So a decent commodity recovery could see this up|
|taken a small punt -
With commodities recovering they could restart|
|i am surprised that WAFM has assets worth more than BEM (30m mcap) and yet we are sub 10m mcap.
way below radar imho|
|Its a shame the market is in such a shape as if it was more healthy WAFM would be a very good buy.|
|West African Minerals Corporation
("WAFM", the "Group" or the "Company")
Interim Report and Financial Statements for the Period Ended 30 September 2015
The Directors of West African Minerals Corporation (AIM: WAFM) are pleased to announce its unaudited consolidated interim financial statements for the period ended 30 September 2015.
· Total Assets declined by 1.3% to £22.7 million (31 March 2015: £23.0 million) largely due to operational expenses incurred, no impairment losses were recognised during the period.
· Cash on hand equates to £3.9 million (31 March 2015: £4.4 million).
· Operational expenses continue to be rigorously controlled at all levels.
· During the financial period under review, the Group reported a total comprehensive loss of £0.4 million (30 September 2014: £0.7 million).
· Basic and diluted loss per share decreased to 0.11 pence per share (30 September 2014: 0.19 pence).
Mineral Resource Estimate (MRE) and Metallurgy at Sanaga:
· WAFM is currently completing internal scoping studies on the development of a local, collaborative steel production to secure future off-take from Sanaga and enable a Cameroon iron ore industry.
· The Ministry of Mines in Cameroon is finalizing a lease-area reduction of WAFM's surface holdings from 4,117 km2 to 331 km2 allowing the company to retain its resources and discovered iron ore deposits while significantly reducing its required exploration commitments. The company will now hold four leases instead of five previously and only the Sanaga relinquished block is awaited in January 2016 to finalize the process.
· The company continues to evaluate suitable target businesses in the mineral resource sector for acquisition or investment.
· Due to the persisting weak market for iron ore and following the completion of the Sanaga Mineral Resource Estimate (MRE), WAFM has successfully reduced operational and corporate expenditure, preserving its cash position in 2015.
· The strategy to reduce expenditure to a "bare minimum" included significant reduction in the operational team and exploration field activities, the divestiture of the company's Sierra Leone assets, the successful reduction in the lease area size under exploration permit in Cameroon (to include only areas of "known mineralisation") and a rationalisation of Corporate overheads. This strategy will remain in place through 2016, until such time as the company makes a new investment or implements its regional steel production strategy, or sees a significant improvement in market conditions.|