West African Share Discussion Threads

[nash81] 16/11/2016 14:55

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.

[cpap man] 16/11/2016 10:37

LOL!

Should read....

Todays rise

Tomorrows....er, further rise!

[apfindley] 15/11/2016 13:54

Today's pumpTomorrow's dump

[cpap man] 15/11/2016 12:20

Thanks for that wiseacre

[wiseacre] 15/11/2016 11:56

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.

[cpap man] 15/11/2016 11:07

Er?

It is only us here so what are you on about a p&d?

[apfindley] 15/11/2016 10:44

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

[cpap man] 15/11/2016 10:28

Wakey wakey!!!!

[wiseacre] 09/8/2016 10:44

Something cooking?

[oldvic] 09/8/2016 09:10

this was at 90pence a few years ago


so true i said it twice

[apfindley] 25/4/2016 08:54

Looks like a few buys from one person pushing this up.Also of interest GWMO for the next multibagger

[nash81] 12/3/2016 14:43

many will be buying back again soon. with iron ore is rising, slowly people will start buying in again.

[oldvic] 10/3/2016 19:50

this was at 90pence a few years ago

[tomboyb] 09/3/2016 08:19

ZIOC + WAFM -

real monster recovery plays if Iron ore prices hold up -

[tomboyb] 09/3/2016 07:41

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 -

[tomboyb] 08/3/2016 14:22

hxxp://www.abc.net.au/news/2016-03-08/iron-ore-rally-consolidates-holds-record-gains/7231482

iron-ore-rally-consolidates-holds-record-gains/7231482

There will be some huge risers if we are at the bottom end of the commodity cycle

[tomboyb] 08/3/2016 13:33

up 20% -

This has fallen from 70p+

So a decent commodity recovery could see this up

[tomboyb] 08/3/2016 13:14

taken a small punt -

With commodities recovering they could restart

[nash81] 30/1/2016 21:20

i am surprised that WAFM has assets worth more than BEM (30m mcap) and yet we are sub 10m mcap.

way below radar imho

[investment dave] 22/12/2015 08:23

Its a shame the market is in such a shape as if it was more healthy WAFM would be a very good buy.

[liquid millionaire] 22/12/2015 07:53

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.

Financial Highlights
· 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).

Operational Highlights

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.

Cash Preservation
· 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.

[nash81] 30/10/2015 15:21

whats happening here guys??

when the news expected