West African Share Discussion Threads

[5dally] 16/10/2009 16:00

Nice news :-)

[jammytass] 16/10/2009 15:59

let the rise begin

[r3covery] 16/10/2009 15:56

in for the r3covery.

[r3covery] 16/10/2009 15:54

RNS Number : 9408A
West African Diamonds PLC
16 October 2009

16th October 2009







Plant 11 in Koidu, Sierra Leone, to reopen under new management







The directors of West African Diamonds (WAD), the AIM listed diamond miner, are pleased to announce an agreement with Pyramid Resources, a private Sierra Leone company, to reopen the Plant 11 tailings project near Koidu.




Pyramid, formed by local WAD advisers and management, has taken over the Mining Lease and certain plant and equipment. They will focus on recovering diamonds contained in the 7 million ton diamond tailing dump. WAD has a 5% royalty on production.




John Teeling, Chairman, commented:




"I am delighted with this development and I wish it every success. The WAD project on Plant 11 focused on gold and diamond recovery using a new technology. The new owners will concentrate on recovering diamonds followed by gold recovery. This initiative is good for all, our former workers who get jobs, the local area which gets income, and the State which will get revenue and exports".







This release has been reviewed by Alex van Zyl, Technical Director, West African Diamonds plc. Alex van Zyl (B.Sc. Stellenbosch, B.Sc. Hons. Pretoria) spent a long career in Anglo American in the diamond division, ending up 1990 to 1997 with worldwide responsibility for diamond exploration and evaluation. He was a consultant to De Beers from 1997 to 2002.







Enquiries:




West African Diamonds plc





John Teeling, Chairman
+ 353 1 833 2833



James Campbell, Deputy Chairman
[phone]

Astaire Securities plc

Lindsay Mair
[phone]




College Hill

Nick Elwes
[phone]

[pelleeds1980] 16/10/2009 15:54

Plant 11 in Koidu, Sierra Leone, to reopen under new management



The directors of West African Diamonds (WAD), the AIM listed diamond miner, are pleased to announce an agreement with Pyramid Resources, a private Sierra Leone company, to reopen the Plant 11 tailings project near Koidu.

[stromboli] 16/10/2009 14:46

Glutton for punishment bought more!!! Meteoric rise, or bust.Heads or tails.

[fathert] 16/10/2009 10:57

at least the spread is good for the first time

i hope you have a load of these 1van

[stromboli] 16/10/2009 10:55

Buy for 2.70 sell at 2.56

[1vantheterrible] 16/10/2009 10:45

stromboli


what gave you that impression ?

[stromboli] 16/10/2009 10:41

Directors bailing out??? or borrowing more money???

[fathert] 15/10/2009 12:14

"there is at present a wall of silence from those supposably running this company"


yes that is a really stupid thing to do especially with a small comp which needs investors

[jonny flame] 14/10/2009 15:47

Jes, when are we going to get some news here???

[fathert] 14/10/2009 13:06

thanks paul thats bad

[fathert] 14/10/2009 08:22

pauladrew

did you ever get an email reply ?

[devil20] 13/10/2009 10:24

The world is full of dodgy characters. And that includes the UK leadership etc.

[bobbieblock] 13/10/2009 10:09

I think I know why there's nothing happening is because guinea is in absolute chaos. I think WAD has a habit of picking decidedly dodgy places to invest in.

Read this:



This company is in with some dodgy characters it seems

[father o toole] 10/10/2009 14:53

adam

when can we expect lift off?

[bruce1001] 10/10/2009 13:17

this has to be the only share that has not bounced off lows

[1vantheterrible] 08/10/2009 15:11

that didnt last very long

[stromboli] 08/10/2009 12:07

Is that blue I see before me. Wonders never cease.