West African Share Discussion Threads

[stromboli] 21/10/2009 09:52

Some of the truth at last screwed in two projects due to bad managment ie new system useless etc. etc. Bomboko appears no further on during last 3 months.
Larger plant still not in production, smaller plant should have produced diamonds for sale by now, I expect locals to take this over soon. As to expansionwith by aquisition, what with another fund raiser, or payment by issuing more shares, I don't think so, who would want shares in this company.
Offering shares as payment is probably why previous efforts have failed.
I have given up and sold out. Best of luck to those remaining stalwarts, there are better prospects elsewhere.

[father o toole] 21/10/2009 09:41

Hi dub, if that happens then me and you`ll be in the money, keep up the good work.

[ilostthelot] 21/10/2009 09:32

I sold out a few months back for the reasonf staetd in the rns ,TO SMALL sfor insti to invest in.


Good luck .It will only take one big juicey diamond to give u guys a good return.

[thedub] 21/10/2009 09:01

Top class update " The future strategy for WAD is to grow by mergers and acquisition" looking foward to more updates. thedub

[addict] 21/10/2009 08:54

Reckon market cap of 2.6m is far too low for this outfit.DYOR

[21simthy] 21/10/2009 08:40

Hard stock to get right predciting the ups !

mm's liked the results though.

3 v 1, Cana on offer, they might have stock though, next offer 5p.

[richard collins] 21/10/2009 08:36

Agree addict - reckon on further v.good news soon!

[richard collins] 21/10/2009 08:30

Everyone to their own pmi but the buyers this morning obviously do not agree with you!

[addict] 21/10/2009 08:26

Good update.Great potential here.DYOR

[b1lly bob] 21/10/2009 07:15

About time !

[richard collins] 21/10/2009 07:15

V.interesting from JT

"Therefore, the future strategy for WAD is to grow by mergers and acquisition, while continuing to develop our own reserves. Toward that end, we were in discussions with a number of other companies. These early discussions came to nothing. However, discussions of this nature continue and I am hopeful that a good result will come from these talks. If positive, it would be a step toward building an independent gem quality diamond producer, founded and focussed in developing high grade and high value diamond resources in West Africa."

[father o toole] 20/10/2009 10:42

all wad shareholders get a general absolution.

[richard collins] 19/10/2009 21:25

Is this the right place for the confessional?

[father o toole] 19/10/2009 19:55

KK

Its only wee buns to a man like yourself who spends his weekends in 5 star hotels.

[kemorkid] 19/10/2009 10:58

A true optimist Padre-but I hope you are right on WAD cos I bought in on Divine recommendation.

KK.

[father o toole] 19/10/2009 10:42

a snippet on china`s $7b investment in guinea that was announced last week

Guinea is the world's largest producer of bauxite, the raw material used to make aluminum, and produces diamonds and gold. Mines Minister Mahmoud Thiam said that the Chinese company "will be a strategic partner in all mining projects."

Thiam also said that new power-generating plants, railway links, and planes for both international and local air transportation are part of the deal

[father o toole] 19/10/2009 09:36

5% of something most people thought was a gonner is not bad, add that to the other 20% free carry in SL and its not a bad wee sideline for a sub £3m valued diamond company.

[stromboli] 19/10/2009 09:14

I suppose if you can't beat the locals join em but 5% indicates that the locals have the upper hand. Will this "locals" victory be mirrored elsewhere.

[currypasty] 19/10/2009 08:19

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".


At least we get something!!!!

[fathert] 19/10/2009 08:08

pauladrew

there is a stalking prat who has a name like mine without the r who causes trouble

[farthet] 18/10/2009 23:22

paula

you sound hurt.angry ,frustrated and bitter.best sell up and move on and sell first thing tomorrow morning imo before your health suffers.3p is better than nothing