West African Share Discussion Threads

[21simthy] 21/10/2009 11:17

Was it a rollover ?

Bit of a time delay, usually a few seconds and the difference in price
is big but you never know ?

[moosh2] 21/10/2009 11:15

2 x 180k buys gone through. now i think we should see some moving!!

[21simthy] 21/10/2009 11:13

No, remember the 3 mm's dont have the sell order so they will bid for
size at rock bottom prices, the mm with the seller will offer size,
if there was a big buyer they would not let people buy 180k at 3.64p
like that trade just now.

[richard collins] 21/10/2009 11:00

Perhaps not a big seller but a big buyer fishing for some cheap WAD stock?!?!?

[21simthy] 21/10/2009 10:57

:-))

Just tested a 250k dummy sale and got 2.68p, not surprised they will take
big size at that price, the mm's have their fishing rods out, will they hook
any more desperate sellers so low ?

[toptrump] 21/10/2009 10:52

ludlow do you still hold on to AFD - where was that 300p per share you predicted about 18 months ago!!

[chapchip] 21/10/2009 10:44

oh well at least AFD should bear fruit soon

[moosh2] 21/10/2009 10:43

just a treeshake. calm down people! didn't shake many people out. MMs know there's demand (from this morning's buying) and the shake failed cos' now we're only 7% down. was just about to top up but then it ticked up. grrrrrr.

[jungle jim] 21/10/2009 10:42

I've just had a look at putting my money where my mouth is and buying more. The best price I can get is 3.32. The only ones making money out of this today is the market makers so I will not be playing their games.

[father o toole] 21/10/2009 10:40

looking on the bright side, they are still 20% more expensive to buy than on friday ;)

[21simthy] 21/10/2009 10:36

Yep simply a very distressed seller.

I dont the mm's will get any business at 2p bid so expect that to start
slowly ticking back up.

There has to be a few stocks in a hot sector that dont go according to
plan and Wad is one of them purely because of a seller, but give me a
pound for how many times i've seen this happen then at some point in
the near future when the price is racing away you think why didnt i
buy some at that price etc etc.

I'd be buying more now if it wasnt for the silly price, i think on that
spread they can offer stock with a overhang at say 2.75-3p !

[father o toole] 21/10/2009 10:36

ludlow, how could we forget.

[fathert] 21/10/2009 10:35

ludlow3 did you sell for spite

[ludlow3] 21/10/2009 10:32

fot glad i sold these at over 28p

[jungle jim] 21/10/2009 10:31

I admit I haven't been paying much attention of late, have I missed something along the lines of a Tom O'Gorman appearance here?

[currypasty] 21/10/2009 10:28

dont we have a broker who could place the overhang, rather than letting it be dumped on the market?

[father o toole] 21/10/2009 10:28

also there`s no reason for the sellers actions only spite, so the sooner he`s gone the better.

[father o toole] 21/10/2009 10:24

jim, there`s a seller whos sole aim is to cause havoc with the share price, they need to be taken out, if they were gone wad would be sitting at 6 or 7p without anything happening.

[jungle jim] 21/10/2009 10:18

Current market cap £2.6m I believe.

"Monthly carat production is expected to rise to in excess of 2,000 carats per month"

"It is expected that the mine will reach full capacity by the end of 2009"

As much as I distrust JT, the maths says the above numbers come out at around $2.4M turnover for next year. So we have exploration, production and potential future deals. You cannot ask much more from an exploration company.

[pauladrew] 21/10/2009 10:13

Buy this morning at 4p now sell at 2p = 50% loss. I would not trust the MMS on this stock.

[21simthy] 21/10/2009 10:04

That's a big ouch !

There's a seller and a big one and it's creating a real bargain with
this stock.

When i last looked it was 3 v 1 at 3.5-4p and now it's 2-3.5p !

Nothing wrong but mm's need buyers.

[pauladrew] 21/10/2009 10:03

I told you lot what would happen! How many people have been caught in the trap this morning?

[moosh2] 21/10/2009 10:02

i'm assuming MMs don't want any more shares