West African Share Discussion Threads

[effortless cool] 07/3/2013 16:04

Would anyone like to make a case that these are not a lousy set of results?

[someuwin] 04/3/2013 15:15

The Proactive presentation should be interesting.

[ceohunter] 04/3/2013 10:02

The directors West African Minerals Corporation (AIM: WAFM) will be presenting in London on Thursday the 14th March 2013.

Venue: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

REGISTER HERE:

[longsight] 26/2/2013 16:17

Dattels is no fool but he knows where to find some

[someuwin] 20/2/2013 14:29

Dattels is no fool.

[someuwin] 13/2/2013 16:58

For Immediate Release 13 February 2013

West African Minerals Corporation
("WAFM" or "Group")

Director Dealings

The Group was notified today that Regent Mercantile Holdings Limited (a company owned by a trust under which Stephen Dattels is a beneficiary) has completed the acquisition, at a price of 51 pence per share, of 500,000 ordinary shares of nil par value ("Ordinary Shares"). Following this transaction, Stephen Dattels* is interested in 26,672,906 Ordinary Shares, representing approximately 9.26 per cent. of the Company's issued ordinary share capital.

Note
*Stephen Dattels Ordinary Shares are held by Regent Mercantile Holdings Limited, a company owned by a trust under which Stephen Dattels is a beneficiary.

[steve243] 13/2/2013 16:57

See that director is buying in - Longsight the interview explains the RNS and why it is positive. This looks +ve

[kayha2] 13/2/2013 16:49

Here's an interview with Executive Vice Chairman Brad Mills
Really interesting stuff, good one to follow

[longsight] 13/2/2013 15:18

How do you interpret the RNS someuwin? Is it good - if so why? Is it bad - if so why?

I have my views - tells me stuff I find very interesting but I know my posts are not welcome here.

[someuwin] 13/2/2013 07:02

RNS Number : 7497X

West African Minerals Corporation

13 February 2013

13 February 2013

West African Minerals Corporation

("WAFM" or the "Company")

Gravity survey indicates large scale anomalies on WAFM's southeast Cameroon licenses

West African Minerals Corporation (AIM: WAFM) is pleased to report on the progress of the exploration and scout drilling programme over its large magnetic anomalies in south-eastern Cameroon. The programme is part of a Phase 2 scout drill programme comprising up to 500 holes (22,500 metres) aimed at verifying the iron ore targets identified by Phase 1 geophysical work.

In Phase 1, a 27,000 line km aeromagnetic survey completed in April 2012 identified WAFM's Lélé and Djadom concessions as having significant large scale potential. These were interpreted as being demagnetised and therefore potentially hematite-rich areas, overlying the hinge zones of kilometre-scale folds in postulated Banded Iron Formations (BIF). A number of the anomalies bear geophysical signatures similar to other major DSO deposits in the region, including strong continuity of magnetic anomalies with the Mbarga resource eastwards onto WAFM's Djadom permit.

In order to refine this magnetic work and better define targets, a 5,000 line km fixed wing airborne gravity gradiometry survey (Falcon (TM)) was flown over portions of the Djadom and Lélé iron ore exploration permits in November and December of 2012.

The interpretation of this gravity gradiometry survey, by independent consultants, has identified numerous density anomalies co-incident with the previously delineated aeromagnetic anomalies. The magnetic anomalies are interpreted as being regionally extensive BIF similar to those hosting the neighbouring Mbarga deposit, while areas of high density contrast identified in the gravity survey, which are co-incident or adjacent to the magnetic anomalies, are interpreted as being areas of potential hematite enrichment of the BIF. Prioritised targets, comprising dense, weakly to non-magnetic material at/near surface and in association with magnetic source material (i.e. BIF), will be preferentially targeted as part of the Company's strategy to delineate deposits of hematite-rich direct shipping ore (DSO) derived from the oxidation of the primary BIF deposits.

To date, 52 reverse circulation percussion holes have been drilled in the southern part of the Djadom permit, as part of a widely-spaced scout drilling programme. Fourteen of the 52 holes have intersected significant BIF horizons, and of these 14 holes, five have intersected hematite-rich material either as cap material overlying a BIF protolith or as discrete horizons within a BIF package. Several of these hematite-rich intersections are located within the priority density targets defined by the gradiometry survey. Assay results for these intersections are expected over the next month.

The findings of the gravity survey have significantly enhanced the Company's ability to prioritize and confidence to select drill targets. As a result, approximately 5,000 metres of drilling covering approximately 98 square kilometres of combined gravity and aeromagnetic anomalies in this area will be undertaken over the next two months.

The technical information contained in this announcement has been reviewed by Dr Brendan Clarke, the Geological Operations Manager of The MSA Group. Dr Brendan Clarke is a Member of the Geological Society of South Africa and a Professional Natural Scientist (Pr.Sci.Nat) registered with the South African Council for Natural Scientific Professions. Dr Clarke has sufficient experience relevant to the style of mineralisation under consideration and to the activities which are being reported, to qualify as a Qualified Person for the purposes of this announcement.

[someuwin] 05/2/2013 18:22

Significant Shareholder

RNS

RNS Number : 2041X
West African Minerals Corporation
05 February 2013




For immediate release

5 February 2013

West African Minerals Corporation
("WAFM" or the "Company")

Significant Shareholder

The Board of West African Minerals Corporation announces that it was informed on 1 February 2013 that Angstrom Capital Limited had reduced its interest in the Company to 11,215,979 ordinary shares representing 3.89 per cent. of the issued share capital of the Company.

[monkeymagic3] 04/2/2013 11:51

monkeymagic3 13 Aug'12 - 18:52 - 386 of 423 edit


Post 242 refers.

I have rarely made so much money so easily shorting this stock. What on earth was going on with some posters here? Closed half position now but will let the rest ride until 50p and close another 25%.


Tum te tum etc

To be fair, took longer than I thought. No closed, over and out.

[andrbea] 30/1/2013 09:25

15 Dec
a poster:

wafm So West African is turning to its inland permits in its search for a big high-quality deposit. These permits are beside the huge Mbarga deposit owned by an Australian explorer, Sundance Resources, which is the subject of a A$1bn (£650m) takeover bid by Chinese conglomerate Hanlong. Hanlong plans to spend A$4.3bn building rail and port infrastructure to handle iron ore, and West African's bosses hope to be able to use this infrastructure should they find an economic deposit. But Chinese authorities have held up Hanlong's bid for the past 18 months and there's no certainty it will be pushed through.

Hanlong's bid, latest:

Moreover, last August, as iron prices began to tumble, the NDRC made it clear that its approval would not be forthcoming unless the offer price was reduced and Sundance was forced to agree to a lowered bid price of 45c a share, which reduced the value of the deal from $1.65bn to $1.38bn.

[noirua] 19/1/2013 11:20

CountingPips Forex News & Market Analysis Why Coking Coal Could Out Perform Iron Ore | CountingPips Forex News & Market Analysis


Maybe WAFM are not expensive with the number and vast areas of mineralisation.

[parthus] 18/1/2013 14:47

Nursey has sent me here to seek new recruits... bad nursey !

[arf dysg] 03/1/2013 17:52

KayHa2 (584) "Nice presentation from Brad Mills"

Is he the one who sings "Dammit, Janet" ?

[888icb] 03/1/2013 14:31

This share is once again defying gravity as it currently has no proven resource to support any serious Market Cap which stands at £2oo Million!
It should be noted that a number of shareholders accounting for over 25% of the Market cap are subject to a lock in agreement. These Shareholders are currently sitting on very large profits. The lock in agreement expires I believe from reading RNS statements from last year on 9th January 2013.
I will be interested to see what happens when they are free to sell.

[steve243] 03/1/2013 14:12

Thanks Kayha - A good detailed video with the presentation slides to go alongside it. Things look positive for 2013.