Share Name Share Symbol Market Type Share ISIN Share Description
West African LSE:WAD London Ordinary Share GB00B1CQN147 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 3.50p 0 06:32:19
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.2 -0.5 - 2.39

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Date Time Title Posts
16/3/201010:07West African Diamonds plc3,008
22/2/201016:32FANCY A WAD ?!?!?51

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bobbieblock: What did you expect. Until the company starts making money or has a big proved up asset then it will go nowhere. Is stellar's mine is doing well then the share price will climb. Still only worth 15 million, so valuing WAD assets at 5mil. The directors and instituitions will want to get in low and exit high. So far all wad has done ahs lost money. We'll know in a year if its all smoke and mirrors of they have pulled their thumbs out their backsides and can make these mines work.
redleafboy: Redleafboy - 29 Dec'09 - 17:15 - 1845 of 1845 edit Hi again share_shark. To be honest was a bit disapppointed with the PRE offer and thought that the football analogy was in rather poor taste. Like both AFD and CON although both probably longer term. Very much looking forward to WAD coming back to market - could be explosive share price wise [as with PNG] PET will also surprise big time to the upside during 2010....from what i know plus gut feel 2010 could well be a great year for the Teeling family of stocks, including stock market bound Swala Resources. All imho dyor etc..
jungle jim: Thoughts of Chairman Jim as posted on the AAAM thread: As an existing holder of both AAAM and WAD I've down a bit of research to see what this is likely to mean to me, the metaphorical bloke on the Clapham omnibus. I think that AAAM will hold shares in the new Stellar Diamonds. I believe the investors in AAAM will not see much difference (see MIO and their similar holding of Xtierra shares, makes zippo difference to Minco share price). WAD holders will see their shares change into Stellar shares, but should be at approximately the same value afterwards as before (similar to Mano converting into AAAM). That is unless the joint entity is raising some working capital during the merger/takeover, in which case WAD holders will get diluted. As Stellar is cash-generative I can't see what they would need to raise cash for, unless there is a big pospect ready to come into production that I haven't noticed. If you want to directly own shares in Stellar, I would say you would need to hold WAD shares or buy in the market post-merger. In Sierra Leone, Stellar and WAD appear to be next door neighbours, both evaluating different bits of the same Kimberlite, so makes great sense to combine resources there. I haven't the foggiest about the rest of their projects, it's taken me long enough to get this far. Overall I see it as positive for both WAD and AAAM. WAD's Teeling stated he wanted to grow the business, something that this achieves. My WAD shares convert to Stellar, with more opportunities in more projects, and Teelings management and 'blarney' should be slightly tempered by the existing Stellar management (all of whom I would expect to survive). I'm happy to hold AAAM as I bought them as Mano with good future prospects, which their recent merger has increased in a similar fashion to that which the WAD/Stellar deal should. Just my thoughts, no investment advice intended.
arf dysg: trint76, you can get the very same announcement right here on ADVFN: Both this thread and the RNS announcements are visible from the page which gives the WAD price graphs, here:
bobbieblock: Yes, but how many new share will be issued to the other company in this reverse take over? I don't think we'll see a five-fold increase in the share price, just a five-fold increase in the number of shares. Also, how much do teh management hold in teh current co.? they'll hold 25% in the new one. I have a horrible feeling they'll also be lots of highly dicounted optionsa nd warrants attatched, whilst we get shafted!
father o toole: 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.
pauladrew: Moosh2 - I not deramping it. What is there to deramp. The previous deal made very little impact initially and eventually caused the share price to deteriorate even further, latest deal seems a bigger shambles and the political situation in Guinea is in turmoil!!!! Needless to say, the latest RNS is a good smokescreen.
bobbieblock: Hello Rmart Share price beaten done beacause of Plant 11 debacle last year. Company have to prove security and production figures and profit margins/ Seem to remember a little oil company in israel we were both in promised good growth? Been in since 20p. If have any cash will add more. What do you think of CGM? Is producing, worth less than £20 mil and should earn more than that once properly going.
jungle jim: 19,000,0000 shares to the tune of over half a million pounds have been placed with institutional investors at a reasonably small discount to the average price over the last three months. If you think it's a big discount, compare it to the buy price in April when you could buy at just over 3 pence. Here's a question. Institutional investors have bought because: a) they are charitable businesses and like to give money to lost causes or b) they are greedy grasping barstuards who like to make lots and lots of money For the hard of thinking the answer is b. That's good because it means that someone has just gambled half a million smackers that 3p is going to be far below the share price at some stage in the future. For those who think I am a die-hard ramper, check with the other long-term holders in any of JT's companies what I usually say about JT and his 'management'. I can't remember the last time I had anything good to say about any of them, and I distrust JT almost totally. However in WAD's case they appear to be doing everything right, such as: Pictures on the web site of equipment and diamonds with plausible narrative Publicly available info of amounts sold and ROI Company does not appear to be a money sink Sensible plans for growing the business Money raised to grow the business at small discount compared to some of the AIM scammers out there Directors put their own money in during the fund raising I'll continue to hold WAD and if anybody else wants to sell and drive the price down to the 3p, I'll probably have a few more as well.
father o toole: I think we should be setting our sights a bit higher than 100% rise from here, look at AMI, who own by the way of friends ect at least 30% of WAD, their share price has rose by over 2700% in the bast 9 months, they also are operating in west africa.
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