Share Name Share Symbol Market Type Share ISIN Share Description
West African LSE:WAFM London Ordinary Share VGG9544K1021 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.375p 1.00p 1.75p 1.375p 1.375p 1.375p 1,100 07:51:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.7 0.2 9.2 5.24

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Date Time Title Posts
02/9/201614:18West African Minerals Corporation1,276

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West African Daily Update: West African is listed in the Mining sector of the London Stock Exchange with ticker WAFM. The last closing price for West African was 1.38p.
West African has a 4 week average price of 1.49p and a 12 week average price of 1.71p.
The 1 year high share price is 3.38p while the 1 year low share price is currently 1.13p.
There are currently 381,157,838 shares in issue and the average daily traded volume is 84,917 shares. The market capitalisation of West African is £5,240,920.27.
joan1234: Wolf Minerals (WLFE): Return To 22p Plus, Extended Consolidation Suggests. Perhaps the first and most intriguing point as far as shares of Wolf Minerals PLC (LON:WLFE) currently is the way that the current charting configuration bears a striking resemblance to that seen a couple of weeks back at West African Minerals (WAFM) on its daily chart prior to a significant move to the upside which we highlighted. While it can sometimes be inappropriate to make such direct comparisons between chart patterns, given the way that this form of analysis is based on such practices, it is certainly relevant. In the case of West African Minerals (WAFM) we have been treated to a near doubling of the share price.
kristini2: here goes the share price ramp up in advance of a fund raising ?
logans run: IDIOT ACTA TRUMPET BRAINS Meanwhile, shares in the precious metals miners followed the spot price of gold higher. Randgold Resources jumped 138p to £50.95 and Fresnillo advanced 8½ to 929p. Small-cap iron-ore miner West African Minerals added ½, or 12.9pc, to 4.375p, amid rehashed takeover speculation that brokers found unconvincing. Market report: SSP poised for flotation Shares in the fast food group are expected to debut tomorrow at 210p Claim a free cup of coffee from Upper Crust each day this week The company will debut with a near-£1bn market cap ben martin By Ben Martin 7:42PM BST 09 Jul 2014 CommentsComment SSP, the business behind the Upper Crust and Caffe Ritazza food chains, will tomorrow make its debut as a listed company with a market value of just under £1bn. Shares in the group, which is led by former WH Smith boss Kate Swann, have been priced at 210p apiece, according to market sources. The stock was initially marketed to investors at 200-240p. The guidance was then narrowed to 210-230p and further refined to 210-215p late on Tuesday. The book was 5.5 times oversubscribed at the 210p level. It is understood that the shares were priced towards the lower end of the range to ensure the stock performs well when it starts trading conditionally tomorrow. Private equity-owner EQT is expected to remain as a major shareholder. A spokesman for SSP declined to comment. SSP is big enough to enter the FTSE 250, which endured another session of heavy losses yesterday to close down 102.85 points, or 0.7pc, at 15,549.63. Related Articles Airlines hit by Air France warning 08 Jul 2014 Short sellers circle Monitise 08 Jul 2014 Weir rises above a falling market 07 Jul 2014 Matomy revives float plans 04 Jul 2014 BlackRock restricts Blinkx short sellers 05 Jul 2014 Market report: Saga misses out on rally 03 Jul 2014 The mid-cap index has been hurt by an ongoing shift in investor sentiment that has seen fund managers move into the large-caps at the expense of high-growth shares. London's benchmark FTSE 100 suffered its third consecutive decline on Wednesday to close 20.41 lower at 6,718.04 – a 0.3pc loss – dragged down by weakness in the insurance sector. The decline brought the index's slump since the start of the week to 2.2pc, with unexpectedly poor German industrial output data spooking the market on Monday, and nervousness about US corporate earnings pushing stocks lower a day later. New turnaround targets unveiled by Aviva at its capital markets day met with a lukewarm reception that caused its shares to slide 18.6 to 493.9p, the heaviest blue-chip fall. The insurer said it planned to double annual excess cash flow to £800m by the end of 2016 and cut its operating expense ratio to less than 50pc, from 54pc. However, Eamonn Flanagan, an analyst at Shore Capital, told investors the objectives did not go far enough: "These are good targets but we do not see them as overly challenging, in the sense that Prudential's have been in the past few years." Admiral was down 52p at £15.22 after warning that it does not see "firm" signs of growth in motor insurance premiums and that margins will be lower this year. That prompted Canaccord Genuity analysts to cut their recommendation on the shares to "sell". They said: "The cautious outlook for margins beyond 2014 underlines the difficulty in improving margins even as pricing stabilises." Fellow car insurers fell in sympathy, with esure losing 4.9 to 270p and Direct Line shedding 2.1 to 275p in the FTSE 250. Marks & Spencer, 9.4 cheaper at 418p, fell for a second session after disappointing with quarterly numbers a day earlier. On the back of Tuesday's update from the retailer, analysts at Citigroup cut their target price to 440p, from 465p, a downgrade that contributed to yesterday's decline. Bargain hunters came back in for the airlines, which fell sharply on Tuesday following a profit warning from peer Air France-KLM. Low-cost carrier easyJet rallied 39p to £12.87, making it the single biggest FTSE 100 riser, and British Airways-owner International Airlines Group bounced 4.1 to 340p. A number of internet-focused stocks that had been penalised on Tuesday amid the wider sell-off also found support. Just Eat gained 9.4 to 249p, while Ocado put on 6 to 396.7p. The latter was helped by Bank of America Merrill Lynch, which resumed coverage of the shares with an enthusiastic "buy" rating. "Ocado is uniquely positioned to leverage the significant potential for global online grocery, in our view," analysts at the broker said. "A leading customer offer, enabled by an impressive platform, places it well for outperformance in the UK and substantial monetisation overseas." They expect the shares to run as high as 540p, a price target that was 36pc higher than tonight's close. Similarly, broker research was behind Rentokil Initial's gain of 3 to 115.6p. Ahead of half-year results next month, Credit Suisse analysts upgraded the company to "outperform" and told clients that "Rentokil is changing". "Cash conversion is rising, peripheral assets have been sold, pest control is becoming a bigger and clearer part of the portfolio and M&A should enhance that process," the analysts said. A push from Citi lifted Ophir Energy as high as 216.7p, before the explorer weakened with the wider market and closed off 0.1 at 212p. The share price has been knocked in recent years by a lack of exploration success. However, analysts at the broker reckoned that "we have reached a point where the risk-reward around the Tanzania and Equatorial Guinea assets looks attractive". They started their coverage of the shares with a "buy" rating. Elsewhere among the analyst-driven moves, a downgrade to hold at Berenberg knocked Provident Financial 43p to £21.56. Meanwhile, shares in the precious metals miners followed the spot price of gold higher. Randgold Resources jumped 138p to £50.95 and Fresnillo advanced 8½ to 929p. Small-cap iron-ore miner West African Minerals added ½, or 12.9pc, to 4.375p, amid rehashed takeover speculation that brokers found unconvincing. Finally, Roxi Petroleum experienced the sort of share price surge only enjoyed by minnows on Aim. The Kazakhstan-focused energy explorer more than doubled in value, climbing 4¼ to 8¼p, after announcing that "oil and gas have been detected" at its A5 well in the BNG Contract Area, of which it owns 58.41pc. Clive Carver, Roxi's chairman, said the group was "delighted" with the find. So too was the army of private punters who follow the stock. Such was the interest that more than 57m shares were traded pn Wednesday
loverat: oldvic It was last Friday. This was being promoted on various trading and other threads by one poster and I think mention was made of a bid which of course would have been false. Anyway, the share price did not budge but I am sure some people purchased shares based on the spamming.
mozii: Robah, so what do you say about AMI which is producing but it's share price has tanked more than WAFM?! and btw, Afferro wasn't producing anything when they got taken over. the likes of Jindal go and check the licenses the companies hold and the potential based on the test results, and you can check the latest RNS on "Binga Metallurgical Tests: Saleable Magnetite" again, can't see why u wasting more time here, either short it or get a life...
loverat: Looks like an unsuccessful pump and dump here. I looked in here a while back and was tempted to buy purely for a gamble as the share price had some wild movements a while back. This currently looks ready for the knackers yard.
robrah: Lol why anger management. Only because u cant answer my questions. no not necessary lolAny way we seem to have established you have no answer when ask why is wafm a better investment the sable or ami .But that is ok . U dont need to answer the share price says it all . Good luck getting diluted to oblivion. Institutions know it ao that are not buying but hay ho . Every one has the right to burn they own hard earned money .I my parting note goodluck to all holders . I am off . May pop in if the share price drips to 3.5 not yo buy only to say I told u so ;)
robrah: Dispite all this super bullish point (highly debatable points )Share price has not rocketed since placing . In fact it has not even broken even for those who bout the placing. 30mt at 30 % would not interest a sane person . When there is billions of other better option. When are cheap . Sable mining at 9p far more quality that this . Sable had close to 200 mt of dso potential. And is near the coast.Wafm barely any ore compared to these other other option.
frogboy11: West African Minerals Raises £3.7 Million To Fund Development At Binga 06 Feb 2014 by Minesite Staff Brad Mills Brad Mills West African Minerals has raised £3.7 million to carry out further work on the Binga iron ore project in Cameroon. In particular, the company plans a programme of metallurgical testwork and infill drilling. The work comes hot on the heels of a maiden NI 43-101 inferred mineral resource of 30.5 million tonnes of material grading 29.7% iron which was announced in January of this year. That initial inferred resource is the product of 5,806 metres of infill drilling in three blocks at Binga. But there should be more to come. The previous drilling program intersected mineralization at surface, with the holes ending in mineralization at 50 metres from surface. In addition to potential depth extensions, the company pointed to a potential strike extension of at least 20 kilometres. Back when the maiden resource was released, the directors of West African Minerals expressed interest in raising US$6 million in early 2014 to carry out further exploration at Binga and certain major shareholders indicated that they were willing to support such a fund raising should it be approved. Accordingly, West African Minerals has issued 52,797,738 new ordinary shares at a placing price of 7p per share together with one warrant for each two placing shares, to raise approximately £3.7 million before expenses. Each warrant is exercisable for one new ordinary share at a price of 10 pence per ordinary share for a period of two years from admission. Meanwhile, on the ground, metallurgical test work and ground-based geophysics work is already underway. Infill drilling will follow, and should lead on to a resource update and conceptual studies on commercial operations, including port and terminal access. Drilling at Binga Drilling at Binga "We are very pleased with this placing as it will enable the company to continue with the next steps to determine a high-level techno-economic assessment of the Binga project", said West African Minerals president Brad Mills. "The metallurgical test program has been finalised and samples are currently en route to a test facility in South Africa. As a result of the strong aeromagnetic indications of potentially mineralised strike extensions and satellite magnetite-bearing bodies, several areas have been identified for ground-geophysical follow-up and potential drill testing." "Based on the success of the foregoing, and in view of its close proximity to port, the Binga project could represent a clear strategic advantage for the company with the potential for cash flow in the near term. Through their participation in this placement, management and the board continue to maintain a significant position in the company and are committed to building value for all shareholders." West African Minerals' share price fell more than 11 per cent on Wednesday to 7.42p on AIM, as the market adjusted its valuation of the company to take account of the placing.
addict: The next few weeks should prove eventful for the company.Expecting big things for the wafm share price. DYOR
West African share price data is direct from the London Stock Exchange
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