West African Share Discussion Threads

[leapinn] 21/1/2010 11:07

I don't think I've seen him described as this before ....

"Ex-De Beers luminary Karl Smithson"

It certainly sounds good for people looking at the new entity from a management perspective.

[trint76] 21/1/2010 11:06

No worries, I was a bit dubious of posting such a comment as I thought there was more to it than that.

[trint76] 21/1/2010 11:03

Thanks for that leapinn.

The future looks very bright in most cases.

[leapinn] 21/1/2010 11:00

(apologies for initial rude reply)

[leapinn] 21/1/2010 10:59

WAD may issue shares to Stellar Shareholders equal to three times WAD's current issued shares.


The New WAD then raises funds at 20p (if the article is correct)


This is the most optimistic option.

[trint76] 21/1/2010 10:55

Ok, any thoughts then leapinn..?

[trint76] 21/1/2010 10:52

So is it fair to assume our share value allocation (when relisted) will be worth 5p and stellars at 15p

[sharewinner2] 21/1/2010 10:43

Redleafboy - Yes but expect consolidation. Guessing around 4 to 1 or 5 to 1, that sort of figure as it was stated it was a 75/25 merger so definately some sort of dilution..

Just guesswork on my part till we hear.

[unionhall] 21/1/2010 10:39

20/01/2010 Robert Tyerman

A merger is planned between Stellar Diamonds and West African Diamonds

Ex-De Beers luminary Karl Smithson has launched his planned merger between Stellar Diamonds and West African Diamonds.

Stellar intends to come to AIM by reversing into West African, formerly a vehicle of veteran Irish entrepreneur John Teeling, and raising £7 million at 20p. African Aura Mining (formerly Mano River Resources), a fellow AIM counter with interests in West African diamond and mineral prospects and Stellar's controlling shareholder, will emerge with a major stake in the enlarged group if the deal goes through.

Smithson will head the new company, which will start with estimated resources of 1.2 million carats, indicated and inferred, from current projects. He and colleagues point to the high grades of up to 500 carats per 100 tonnes of rock predicted in some of its key projects and indicate talks are afoot about acquiring fellow AIM concern Petra Diamonds' Kono project in Sierra Leone (which has overcome past problems

[pamelling] 18/1/2010 17:27

I hope he is correct...

[resourceful] 18/1/2010 16:45

162 says within 2 weeks

[pamelling] 18/1/2010 11:37

Anybody heard any rumours as to when we will relist?

Cheers PAM...

[father o toole] 15/1/2010 16:35

fiachra, good point

[fiachra] 15/1/2010 16:24

If we own only one quarter of the new company 6p does not sound like it merits
" well done "

[trint76] 15/1/2010 10:49

How reliable is your source to quote 6-10p...? Did they give a timeframe in Q1 for the relist..??

[leapinn] 15/1/2010 10:39

Not so good at 6p.....

But still up 50% from suspension......

[trint76] 15/1/2010 10:38

Have clontarf mentioned this..?

[father o toole] 15/1/2010 10:28

yes well done

[currypasty] 15/1/2010 09:26

6 - 10p would be a good result, IMO, well done clontarf!

[redleafboy] 15/1/2010 09:25

Have heard 6p to 10p range mentioned, but not too sure really?!?!?