West African Share Discussion Threads

[father o toole] 16/7/2009 19:47

look too yesterdays trades for a clue, 80k buys v 120k sells price opens 2.5/3.5 closes 3.75/4.5 the bid rises 1.25p, says it all IMO

[father o toole] 16/7/2009 19:40

i would tend to think its a buy worked over several days, were those trades at 4.4p today sell? if so its deffo a buy and maybe more to come, remember 2 days ago the price closed 2.5/3.5

[8trade] 16/7/2009 18:48

Harry.

Plausible but worked trades usually show after the close, a cross trade
would show between market hours, this crooked market decided to elimiate
what type of trades large ones were to make cards stacked even further
against us, i cant understand it how they can get away with it, what is
the harm of telling us if a trade is protected (T) or a cross (x) or just
oridnary as all now show (O).

[moosh2] 16/7/2009 18:28

regardless, the on balance volume and money flow after today's volume are both up and the strong chikou cross signal is on too on daily!

[8trade] 16/7/2009 17:43

There's the volume you wanted (500k at 4p).

Tricky one to call that, there's been no stock offered at 4p or
below so i find it hard to believe that a buyer could have got
hold of 500k at 4p, on the other hand there's not been enough
buying above 4p to work a 500k sale.

It's impossible to work out imo.

[father o toole] 16/7/2009 16:37

moosh, it looks like we now have our wonderfull thing .

[jonny flame] 16/7/2009 16:34

Currently number 10 in todays risers board

[chapchip] 16/7/2009 16:25

hello barker...you just love to bash any JT co don t you......come on tell us what your issue is ????

[8trade] 16/7/2009 16:22

4 v 2.

4-4.95p online now but 25k v 100k.

They look like sales moosh but the mm's have took it all
and not surprising at those levels.

[moosh2] 16/7/2009 16:03

looks like 4.4p ones were buys?! wooooooooooo!!!!

[barker haines] 16/7/2009 14:42

Would they be the same directors who last year said of Plant 11 "Overall output for the 7M tonne deposit is expected to be approximately 0.4g/tonne gold worth $9 a tonne of ore and diamonds worth $3 a tonne of ore"?

[bones30] 16/7/2009 14:39

interesting chart for you 8trade.

[currypasty] 16/7/2009 14:27

another interesting thing is that 5 directors coughed up £25,000 each for shares at 20p last year!

Makes 5p look cheap

[barker haines] 16/7/2009 14:22

Fascinating! I wonder how much cash they have left? Who did they sell the gold plant to vondutch? I must have missed that.

[currypasty] 16/7/2009 14:17

moosh2, i think your aiming a bit low... in due course whats a working and producing fully equiped diamond mine worth ? morth than todays 3m, why not £30 million, 10 bagger from here ?

[bones30] 16/7/2009 14:09

Diamond prices firming according to GEMD trading statement:

[moosh2] 16/7/2009 14:00

AMI - WOW!! how did that happen!?! it seemed to have gone under my radar!!!! just checked AMI's ichi chart and its weekly chikou crossed when it was at ~55p. and that was a weak cross given that the share price when it crossed was below the weekly kumo. i don't envisage this to do the same, but a big jump over many months is something i'm looking forward to! or maybe i'm being overly cautious? AMI have 187m shares compared to WAD's 68m. don't know wot's in institutions, but maybe i shouldn't be overly cautious!? exciting times ahead...hold tight all!!!! i also see AMI going into new share price territory too. i've never really thought beyond 10p for WAD. maybe i should?

[father o toole] 16/7/2009 13:41

Large shareholder and fellow west africian resource company AMI`s share price is now approaching £3, thats a 30 bagger in 9 months.

[father o toole] 16/7/2009 13:37

my biggest fear is that the company might be bid for on the cheap before we achieve full production and a true reflection in share price

[moosh2] 16/7/2009 13:36

i thought that they had cash under control, which is why i was happy to buy in. i worked out the NAV at 5.5p in Spring when i first bought in before they found any diamonds. dunno. it's going up and that's all the matters!!

[vondutch] 16/7/2009 13:17

Is anyone aware of their cash position?

Looking at their interim results from October 2008 they had ~ £1.5m CASH. In addition the share placing in February raised ~£400,000. Now assuming their cash burn remained relatively similar (about £115,000 every 6 months) then they have plenty of £££.

In one of the announcements they said they had mostly funded the plant equipment @ Bomboko from the sale of the gold mining equipment..So can assume they have at least £1m left?

[8trade] 16/7/2009 13:11

3 bid 1 offer though on L2.

Looks soild enough to me, size both ways to buy and sell online.

mm's making a nice cut from the stale sellers replaced by new buyers.

[currypasty] 16/7/2009 13:09

if its not the volume, it must be news due then ?

[moosh2] 16/7/2009 13:07

i can't cope with the fact that it has gone up so much already on rubbish volume after a long period of nothingness.