West African Share Discussion Threads

[longsight] 20/2/2014 15:14

zangdook

Furthermore

I won't post on here for some time again.

I think you thoroughly deserve everything this share will bring you. Why shd I waste my time pointing out some basic facts.

Good luck with the ramping. Oh yes it really is ramptastic. Even Dattels got out.

[robrah] 20/2/2014 15:11

I can atest to that longsight called this from the top .Actually Everyone who learnt a thing or two from afferro got this right as a short . Dispite a great asset the company failed to return value to holder and this one hardly has a resource . What do you think will happen here.

[longsight] 20/2/2014 15:01

zangdook

I maybe everything you say. You may be talking autobiographically for all I know. It doesn't bother me what you post. Feel free to waste your life attacking me. Each to his own.

But it is a matter of public record that I was 100% correct on WAFM despite ridicule from other posters. Go right back to when it started its climb up to 80P+. It is there for all to read.

My only error was not to short WAFM.

[robrah] 20/2/2014 09:09

Well geebee .I remember you putting up a link claiming legend assets sold 175 million dollars . When it was 17.5million only . Plus I am sure you know difference between resource and reserves .

[gheebee] 20/2/2014 08:51

Did I? These are quotes. Please take your concerns up with the authors.

[robrah] 20/2/2014 08:45

Geebee . U omitted the key words commercially viable.

[gheebee] 20/2/2014 08:27

One could compare and contrast these two statements and draw ones own conclusion:

"WAFM have not one iota of a viable resource." i.e no value.

"30 mt of resources is hard(ly) much and that too at a low grade." i.e. some value

[zangdook] 20/2/2014 07:33

I disagree with longsight on principle because he's a nasty, petty piece of work and not the brightest button in the tray, if not, as we have seen, quite the dullest.

[robrah] 19/2/2014 18:58

This company pump share price by raising dso expectations . Saying thing like we are next to sdl so we have the same type if assets lol 30 mt of resources is hard much and that too at a low grade.

[loverat] 19/2/2014 18:35

Well, I have respect for what longsight says in the context of whether or not this is investable or not. However I have been looking at this company for one main reason. Naturally, if there is a resource or something going for this company, well that's a bonus.

What I have noticed (apart from the relentless fall over a long while) is that periodically this share price does pick strongly and move fast upwards. Whether that is based on hot air I do not know but you can make money out of duff stocks too as long as you know the risk and lock in profits when they come. I'd be interested in knowing if anyone disagrees with Longsight - with reasons.

[longsight] 19/2/2014 18:28

WAFM have not one iota of a viable resource

I like to keep it factual esp since the last poster refers to severe intellectual challenges. I think though that even he will understand that.

Yes, WAFM have not one iota of a viable resource.

Did I warn folks on here that this was so? Yes repeatedly. You can check yourselves thru my posts on here.

Do I care? Not really. If folks want to buy these shares then that is their problem not mine

[gheebee] 19/2/2014 12:23

Steady on old chap, English is clearly not his first language and, who knows, he may have had major IT issues (with Google Translate perhaps)to resolve. When you realise that some native English speaking people (admittedly labouring under severe intellectual challenges)take 2 months to get over such things, 4 days is not too bad.

[longsight] 19/2/2014 10:30

Robrah

I'm fine. Hope you are well. I had major IT issues for 2 months so been out of circulation. [also trying not to post too much these days]

On WAFM, I called this as being worth 10p when it was 80p - I shd have backed my own judgement. imo as things stand WAFM are worthless.

I know of few IO juniors that have much value [even when they have major resources] - WAFM have not one iota of a viable resource. I also think their RNSs show a suitable contempt for the understanding of investors.

Dattels - yes I'm sure he is rich. Do I admire his performance here? No comment.

[robrah] 18/2/2014 16:30

Long time no See Longsight .

Hope u r keeping well

[robrah] 18/2/2014 16:29

Gheebee .

please see the link you provided in post #913

sorry to say but it was total BS .

the money was 17.5 mill that too AUZ doller .

now that is not even ramping it is called lying . if you dint do it intentionally you dint even look in to the link u r self.

I had great respect for you from the AFF thread . but here clearly you have other agendes

GheeBee 14 Feb'14 - 20:15 - 913 of 918 0 0

Just as Legend, also without Trojans, attracted the interest of Jindal?
hxxp://legendmining.com.au/wp/wp-content/sharelink/20131120-to-sell-cameroon-iron-ore-project-for-a175-million-75888511378898511.pdf

[gheebee] 18/2/2014 16:10

I'm pleased to say that, as your opinion has the same market value as an IMIC loan note, no offence taken.

[gheebee] 15/2/2014 14:16

On another but related matter. The President is visiting Buea on Thursday to celebrate (belatedly, by a couple of years and with less than one week of notice) the 50th anniversary of national unification. What better time to name the Sundance Port and Rail preferred bidder(and possibly the Bowleven EEAA approval too)? hxxp://www.crtv.cm/cont/nouvelles/nouvelles_sola_fr.php?idField=13135&table=nouvelles&sub=national

Might help explain why WAFM had no difficulty getting its placing taken up.

[robrah] 14/2/2014 21:04

Not sure about 175million take ovI looked on the website I see nothing of such large transection ..Only see 17.5 million of sale of their asset to jindal.Jindal had tried to buy afferro I doubt they will pay so much for legends asset .17.5 million sound sensible.

[robrah] 14/2/2014 20:55

West African focused Legend Mining (ASX: LEG) will sell its Ngovayang iron ore project in Cameroon to India's Jindal Steel and Power for A$17.5 million in cash.Jindal Steel and Power (BOM:532286) is one of India's major steel producers with a significant presence in sectors like mining, power generation and infrastructure.Legend's managing director, Mark Wilson said, "the absence of direct shipping ore at the Project coupled with the current state of global financial markets has put the further development of the Project beyond the reach of an exploration company."Wilson said the deal will allow Legend to pursue other opportunities, given the $17.5 million from the sale as well as cash + liquids of $9.8 million will provide a handy war chest for acquisitions.Market sentiment towards companies developing West African iron ore projects had also played a part, he said in the decision to sell as share prices of Legend's ASX-listed peer group who are developing West African iron ore projects have declined by 68% over the past 24 months.The deal also shows the determination of Asian steel conglomerates to gain a foothold in Africa to take a long view to tapping alternative supplies of iron ore as alternatives to Pilbara producers.

[gheebee] 14/2/2014 20:15

Just as Legend, also without Trojans, attracted the interest of Jindal?
hxxp://legendmining.com.au/wp/wp-content/sharelink/20131120-to-sell-cameroon-iron-ore-project-for-a175-million-75888511378898511.pdf

[robrah] 14/2/2014 16:57

No need for trogens to take over wafm . Actually wafm would be luck to attract interest .

[gheebee] 14/2/2014 16:42

Ah, but IMIC and WAFM don't share nearly so many business associates at Board level as IMIC and AFF did.

[arf dysg] 14/2/2014 14:35

Robrah (901) "Arf tell me how much aff had and still got take over for free using aff s own money"


Sigh. You'll make me miserable.