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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| West African | WAFM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.25 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.25 | 1.25 |
| Top Posts |
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Posted at 18/7/2017 07:06 by abeygale This will be a great move into biotech. Can see many multiple bags for the long term investor here. |
Posted at 20/4/2017 11:55 by chesty1 No funds to add here and not long to wait now till the next rns.Whilst I wait for this one to wake up IOG is worth adding to your watch list if you haven't already, a great co and great management and it's about to start reaping the rewards for investors!! Wafm will come good along with zioc they just need patience along with most stocks out there. |
Posted at 14/2/2017 08:20 by the count of monte_cristo A couple of interesting things to note AFF was takenover for 190m (I was in that share) their projects are further from the coast than WAFMs and a couple of years ago SDL were in takeover talks with Hanlong, a huge Chinese entity.I note that SDL are up 40% today, on the back of the sustained rise in the IO price. All we need now with WAFM is a couple of positive updates. Chinese JV anyone?!:)) Old news |
Posted at 05/6/2015 13:06 by bones30 The bear case is well summarised here:If you are an iron ore bull (contrarian investor) though I'd say here isn't a bad place to be, perhaps. |
Posted at 15/2/2015 23:40 by gheebee Mills isn't interested in WAFM or public listing. Surprised he isn't also on the list to go ar rhe EGM. |
Posted at 11/2/2015 19:01 by gheebee Interesting RNS this evening. Well, two actually. IMIC lose a(nother) NED and there's an investor led rebellion at WAFM. The three candidates look a bit lacking in mining experience but then who cares since there's no mining going on anyway. I think we may be seeing some sort of strategy battle in both companies which might, just might, be related to my comment at the end of last year. |
Posted at 10/7/2014 03:26 by logans run IDIOT ACTA TRUMPET BRAINSMeanwhile, shares in the precious metals miners followed the spot price of gold higher. Randgold Resources jumped 138p to £50.95 and Fresnillo advanced 8½ to 929p. Small-cap iron-ore miner West African Minerals added ½, or 12.9pc, to 4.375p, amid rehashed takeover speculation that brokers found unconvincing. Market report: SSP poised for flotation Shares in the fast food group are expected to debut tomorrow at 210p Claim a free cup of coffee from Upper Crust each day this week The company will debut with a near-£1bn market cap ben martin By Ben Martin 7:42PM BST 09 Jul 2014 CommentsComment SSP, the business behind the Upper Crust and Caffe Ritazza food chains, will tomorrow make its debut as a listed company with a market value of just under £1bn. Shares in the group, which is led by former WH Smith boss Kate Swann, have been priced at 210p apiece, according to market sources. The stock was initially marketed to investors at 200-240p. The guidance was then narrowed to 210-230p and further refined to 210-215p late on Tuesday. The book was 5.5 times oversubscribed at the 210p level. It is understood that the shares were priced towards the lower end of the range to ensure the stock performs well when it starts trading conditionally tomorrow. Private equity-owner EQT is expected to remain as a major shareholder. A spokesman for SSP declined to comment. SSP is big enough to enter the FTSE 250, which endured another session of heavy losses yesterday to close down 102.85 points, or 0.7pc, at 15,549.63. Related Articles Airlines hit by Air France warning 08 Jul 2014 Short sellers circle Monitise 08 Jul 2014 Weir rises above a falling market 07 Jul 2014 Matomy revives float plans 04 Jul 2014 BlackRock restricts Blinkx short sellers 05 Jul 2014 Market report: Saga misses out on rally 03 Jul 2014 The mid-cap index has been hurt by an ongoing shift in investor sentiment that has seen fund managers move into the large-caps at the expense of high-growth shares. London's benchmark FTSE 100 suffered its third consecutive decline on Wednesday to close 20.41 lower at 6,718.04 a 0.3pc loss dragged down by weakness in the insurance sector. The decline brought the index's slump since the start of the week to 2.2pc, with unexpectedly poor German industrial output data spooking the market on Monday, and nervousness about US corporate earnings pushing stocks lower a day later. New turnaround targets unveiled by Aviva at its capital markets day met with a lukewarm reception that caused its shares to slide 18.6 to 493.9p, the heaviest blue-chip fall. The insurer said it planned to double annual excess cash flow to £800m by the end of 2016 and cut its operating expense ratio to less than 50pc, from 54pc. However, Eamonn Flanagan, an analyst at Shore Capital, told investors the objectives did not go far enough: "These are good targets but we do not see them as overly challenging, in the sense that Prudential's have been in the past few years." Admiral was down 52p at £15.22 after warning that it does not see "firm" signs of growth in motor insurance premiums and that margins will be lower this year. That prompted Canaccord Genuity analysts to cut their recommendation on the shares to "sell". They said: "The cautious outlook for margins beyond 2014 underlines the difficulty in improving margins even as pricing stabilises." Fellow car insurers fell in sympathy, with esure losing 4.9 to 270p and Direct Line shedding 2.1 to 275p in the FTSE 250. Marks & Spencer, 9.4 cheaper at 418p, fell for a second session after disappointing with quarterly numbers a day earlier. On the back of Tuesday's update from the retailer, analysts at Citigroup cut their target price to 440p, from 465p, a downgrade that contributed to yesterday's decline. Bargain hunters came back in for the airlines, which fell sharply on Tuesday following a profit warning from peer Air France-KLM. Low-cost carrier easyJet rallied 39p to £12.87, making it the single biggest FTSE 100 riser, and British Airways-owner International Airlines Group bounced 4.1 to 340p. A number of internet-focused stocks that had been penalised on Tuesday amid the wider sell-off also found support. Just Eat gained 9.4 to 249p, while Ocado put on 6 to 396.7p. The latter was helped by Bank of America Merrill Lynch, which resumed coverage of the shares with an enthusiastic "buy" rating. "Ocado is uniquely positioned to leverage the significant potential for global online grocery, in our view," analysts at the broker said. "A leading customer offer, enabled by an impressive platform, places it well for outperformance in the UK and substantial monetisation overseas." They expect the shares to run as high as 540p, a price target that was 36pc higher than tonight's close. Similarly, broker research was behind Rentokil Initial's gain of 3 to 115.6p. Ahead of half-year results next month, Credit Suisse analysts upgraded the company to "outperform" and told clients that "Rentokil is changing". "Cash conversion is rising, peripheral assets have been sold, pest control is becoming a bigger and clearer part of the portfolio and M&A should enhance that process," the analysts said. A push from Citi lifted Ophir Energy as high as 216.7p, before the explorer weakened with the wider market and closed off 0.1 at 212p. The share price has been knocked in recent years by a lack of exploration success. However, analysts at the broker reckoned that "we have reached a point where the risk-reward around the Tanzania and Equatorial Guinea assets looks attractive". They started their coverage of the shares with a "buy" rating. Elsewhere among the analyst-driven moves, a downgrade to hold at Berenberg knocked Provident Financial 43p to £21.56. Meanwhile, shares in the precious metals miners followed the spot price of gold higher. Randgold Resources jumped 138p to £50.95 and Fresnillo advanced 8½ to 929p. Small-cap iron-ore miner West African Minerals added ½, or 12.9pc, to 4.375p, amid rehashed takeover speculation that brokers found unconvincing. Finally, Roxi Petroleum experienced the sort of share price surge only enjoyed by minnows on Aim. The Kazakhstan-focused energy explorer more than doubled in value, climbing 4¼ to 8¼p, after announcing that "oil and gas have been detected" at its A5 well in the BNG Contract Area, of which it owns 58.41pc. Clive Carver, Roxi's chairman, said the group was "delighted" with the find. So too was the army of private punters who follow the stock. Such was the interest that more than 57m shares were traded pn Wednesday |
Posted at 14/3/2014 23:03 by someuwin Proactive joined by President Energy, West African Minerals, Stellar Diamonds and Rose Petroleum next weekBy Proactive Investors March 14 2014, 4:30pm Next week's investor forum is back at the Chesterfield Mayfair Hotel and promises to be a fascinating evening. Presenting on Thursday, March 20 will be President Energy (LON:PPC), West African Minerals (LON:WAFM), Stellar Diamonds (LON:STEL) and Rose Petroleum (LON:ROSE). Please ensure you don't miss out by securing your place HERE.. ... West African Minerals aims to use its Binga project as a springboard into exploiting the rapidly emerging iron ore belt in Cameroon. And investor demand, as shown by two placings last month that raised over £6mln to help fund the development of the property, showed the excitement surrounding the opportunity. Binga has much to commend it, including a maiden resource of 30.5mln tonnes at 29.7% iron and proximity (60km) to a developing deepwater port. There is also the potential to increase the Binga resource further - something which a staged work programme this year will assess further. The firm hopes that if it could be the first into production with Binga, it could get a 'jump" on other operators in the Cameroon-Congo belt - fast becoming an iron ore hotspot. Here to tell us more about why this could be West African's year is Anton Mauve, Managing Director. |
Posted at 11/3/2014 11:41 by aim_trader Anton Mauve, Managing Director to update investors on 20th March 2014. REGISTRATION: |
Posted at 20/11/2013 13:35 by liam wilson London's iron ore firms can look to improving pricesBy Jamie Ashcroft November 13 2013, 10:55am Traditionally the third quarter of the year is the weakest for the bulk commodity.Traditiona Iron ore's recent price strength has caught a lot of people out. Traditionally the third quarter of the year is the weakest for the bulk commodity. Allied to a huge ramp-up of their operations at Pilbara in Western Australia by Rio Tinto (LON:RIO) and BHP Billiton (LON:BLT), there were gloomy predictions of a slump in prices ahead of a wave of new production. In fact, the iron ore price has been very resilient and rose to a two-month high of US$137 per tonne this week on a surge on imports into China, which dominates the market. Bears had been predicting lows of US$90 per tonne, but the mood has changed and many commentators now believe that demand will exceed supply for longer than previously forecast even with the new supply from Australia. It should mean that London's small cap iron ore firms can look forward to a welcome improvement in sentiment after what has been a very tough year. As the iron price retreated the smaller miners bore the brunt, but those downtrodden juniors that have struggled through now look the most leveraged to any recovery in the market. Share prices have started to tick higher and investors have begun to look forward with more enthusiasm. Sierra Leone producers London Mining (LON:LOND) and African Minerals (LON:AMI) have risen by 45% and 4% respectively since the end of July. Explorers Zanaga (LON:ZIOC) and West African Minerals (LON;WAFM) are 69% and 19% higher, while even the giants Rio and BHP have added a respective 10% and 4%. Investec mining analyst Hunter Hillcoat said some caution is required as the spot iron ore market is in its infancy and trends, such as a weak third quarter, are hard to predict. "I think you've got to be careful as the spot iron price market is very immature. We've only got about three years of history," he told Proactive Investors. "But, if you look at price charts you can see this [third quarter] as a weak period. "What is encouraging now is that the price is staying up, irrespective of whatever trading is going on, on the side. China's imports remain robust and steel production numbers remain strong." Hillcoat adds that next year will bring further potential obstacles, not least coming from the substantial increase in Australian mine output. "We don't really know how that's going to translate into pricing next year - which is where consensus has the view that we'll see this wall of supply come onstream and suppress the price. "We are a bit more circumspect, however, because we think that if there is a wall of supply coming into the market, and it does occur as planned, it is going to displace the high cost Chinese production rather than force a substantial reduction in the spot price. "So, we're only assuming a price $10 per tonne below where it is now." The analyst says the steadying of the iron ore price is timely for London's miners, especially the smaller firms that have toiled to secure financing to take key projects forward. Commercial or 'off-take' partners, the most likely source of project financing, are still interested in doing deals and given the possibility of a significant spot-price rally may be increasingly amenable to taking direct equity positions as well as simply committing to purchase product. "The strategic partners that they [miners] are typically looking for are either private equity investors or customers. "Customers will take their own view on what they are going to need and what they think prices are going to be, and they look to make a strategic investment to secure supply. "But, certainly the fact that prices are remaining strong might make them think about locking in a partnership, whereby they can share in some of the iron ore pricing benefits rather than just being a take-off. "What I mean by that is, while a strategic partner usually comes in and takes a percentage of a project, and gets security of supply, they may instead come in at an equity level so they can also benefit from a higher iron ore price - should they remain stronger - rather than simply being the price taker." And, although no deals have followed the IMIC (LON;IMC) buyout of Afferro (LON:AFF), which began earlier this year, Hillcoat believes the consolidation of small cap iron ore firms, particularly those in West Africa, is still a real possibility. "I've been of the view that there needs to be significant consolidation of the West African space, which is where the London listed miners tend to dominate. "Apart from Afferro there hasn't really been a lot happening, but, we've got to bear in mind that the Chinese have a much longer time frame than Western markets, in terms of getting deals done. "We [in the West] think it has been dormant because nothing's really happened six months after Afferro, when in fact on a ten-year time frame they still see a lot of consolidation to come. "So, yes we may see more, but, we have to accept that it is going to take longer than we'd like." |
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