West African Share Discussion Threads

[mrsapeslaptop] 18/12/2012 14:51

is Jim Mellon involved in this company ?

[longsight] 18/12/2012 10:42

eelanguilla

I'm not sad - I don't hold the shares

[jungmana] 17/12/2012 21:05

eelanguilla
here are just two simple questions; how many tonnes of iron does WAFM have? how were the iron content grades of your drilling results?
i need not go further.

[eelanguilla] 17/12/2012 19:36

lol u guys are pretty sad tbh


edit ..... or is it guy lol

[longsight] 17/12/2012 15:26

I always said that the time WAFM's share price wd collapse wd be when they actually posted drilling results [unless they had been mindblowingly good].

So here we are. Hello reality. That hype has proved disastrous.

[jungmana] 17/12/2012 12:07

can anyone explain to me what is 'enriched iron mineralisation'?
nothing but spin!
at a market cap of £150m what has WAFM got to show for that value?
anyone buying this or holding at this price simply does not understand iron ore exploration but may be holding based on hope only imho.
there are far far better and cheaper iron ore plays out there; AFF,LOND,BZM,ZIOC, etc. based on what we know so far and comparing to any of them this is worth no more than 15p/share imho.

[ceohunter] 17/12/2012 11:53

West African Minerals not fazed by iron ore price volatility

Executive chairman Brad Mills, hotfoot from accepting the award for best performing AIM stock of 2012, says the volatile price of iron ore does not really worry West African Minerals. "We think there is a fundamental underpin in the price of iron ore at about US$120 a tonne." Mills said the firm's economics "work just fine at US$80 a tonne".

[longsight] 17/12/2012 09:29

But why buy now when you will most likely be able to buy at 10p [imo]

[oldvic] 16/12/2012 22:08

when others are selling buy !

[ernco] 16/12/2012 14:06

You'd better read IC feature 20 December "more risk than reward" SELL!

[longsight] 15/12/2012 19:34

I read up heavily on WAFM when they were just 10p & decided that AFF looked far better bet at then price of circa 40p. [I was totally wrong of course in terms of the subsequent rise of WAFM's SP]

I still think WAFM are worth maybe 10p i.e. approx £29m m cap. But given the management have zero integrity imo - - especially in light of the disgraceful BS in the RNS on Blinga-Minga - actually I think it is not worth anything.

[jungmana] 14/12/2012 14:01

based on what we know so far this is not worth more 20p/share as compared to peers.
simply been pumped up by huge expectation. seriously overvalued imho.
whilst AFF with 2.5bt of iron at just one licence is valued at less than £90m right now with more than half of that in cash.
sooner or later, value will be out there.

[someuwin] 14/12/2012 09:21

Selling WAFM. Buying AFF.

[effortless cool] 13/12/2012 21:12

Sell tip in the IC today.

[arf dysg] 13/12/2012 10:18

longsight, perhaps it's because they're referring to an ancient Chinese dynasty. There were several of them: Ming A, Ming B, Ming C, etc.

Am I getting warm?

[longsight] 12/12/2012 17:37

Have you ever wondered why they call their main licence "Minga"?

[arf dysg] 12/12/2012 10:18

This is a good one-liner, and it's a valid warning to editors and share pundits alike:

Don't believe everything you write in the papers!

[someuwin] 12/12/2012 10:17

Looks like it wants to go up.

[j1nxed] 11/12/2012 19:28

@Noirua

i would take good intercepts over a chart any day, but then again what do you know about good intercepts? you cliamed that 34% FE is dig and ship ore ...

[oldvic] 11/12/2012 19:17

strange
stopped today at the magic 63P

[someuwin] 11/12/2012 17:33

Nice chart!

[oldvic] 11/12/2012 15:27

strange that trade i saw yesterday
@63pence

[someuwin] 11/12/2012 14:55

Moving up a bit now.