West African Share Discussion Threads

[itsmyshares] 27/6/2017 14:10

CHESTY knows the most about this share and I am sure he does not agree with that.
The fact is thats all the MM can offer for such a huge size.

[effortless cool] 27/6/2017 14:03

Nobody would know better what WAFM is worth than the old management. The fact that they grabbed 1p per share should tell you something.

[itsmyshares] 27/6/2017 13:39

A huge rise is expected in this and ZIOC any day now, IMHO.

[wiseacre] 23/6/2017 09:33

Yes but our Italian friend doesn't seem to be in any hurry to show his hand.

[itsmyshares] 21/6/2017 22:03

Fantastic news that the old management was ripped off getting just 1p a share.
Now its all onwards and upwards.

[allotment] 16/6/2017 15:47

The "EX" management have sold their shares the plot thinkens ...carry on waste no time.

/beta.companieshouse.gov.uk/company/07010245/officers

Mr Mauve, Brad Mills etc

[itsmyshares] 16/6/2017 08:34

Its a good sign. As the overhang has now gone.

[chesty1] 16/6/2017 08:26

32 mill at 1p wtf

[wiseacre] 15/6/2017 15:31

I don't think our Italian friend is in any hurry to show his hand but believe he is continuing to quietly accumulate. There was a late reported trade of 750,000 yesterday.

[chesty1] 14/6/2017 20:06

I dont get today you could sell at 3.3p yet 1000 shares traded at just over 3p and it drops and then bounces blue on no trades might be a delayed trade to come through tomorrow....very odd.

[wiseacre] 13/6/2017 10:47

I suggest to Allotment he ring the nomad who should confirm WAFM's BVI status and the fact it could and did exclude the necessity to comply with UK listing requirements

[wiseacre] 13/6/2017 10:43

If you google Panetta Partners you will see a wealth of detail on Gabriele Marco Antonio Cerrone MBA. Educated in the US he has extensive experience and interests in biotech the other side of the pond. He is probably a billionaire.

[chesty1] 13/6/2017 09:34

Showing down 7% but can sell in volume above mid price lol they are stuck here and only one way to take it!!

[chesty1] 13/6/2017 09:21

Someone is still buying and paying over the odds to get in.

[allotment] 13/6/2017 09:03

Wiseacre I would be very surprised if a company quoted on the LSE all be it an AIM one is not governed by the rules of the LSE and the UK Takeover Code .... in fact it is illogical as Mr Spock would say ...They would never have been able to list on the LSE/AIM ...

Indeed I would go as far to say that surely it must be utter boll##s but as you are such a wise man I will phone a friend and try and revert later..........(as I do not know for sure)

The rest all good stuff and research!

[ddouglas] 13/6/2017 08:17

Wiseacre,

Useful piece of research. Well done.

Do you know if Cerrone operates out of New York or London?

[ddouglas] 13/6/2017 08:17

Wiseacre,

Useful piece of research. Well done.

Do you know if Cerrone operates out of New York or London?

[chesty1] 13/6/2017 07:16

Great post thank you.

[allotment] 12/6/2017 10:41

Well they will have to make a mandatory offer if you are right Chesty ...but then their sleepy old Nomad and the regulator need to wake up...anyway interesting times

[chesty1] 12/6/2017 10:24

I would say they are still adding !!

[allotment] 12/6/2017 10:00

Curious page 38?

1.4
Mandatory Offer (a “Rule 9 Offer”)
Notwithstanding that purchases may be permitted as referred to in
paragraph 1.2 above, if an offeror either:

A. Acquires (whether or not pursuant to a series of transactions or over a period of time) an interest in shares which, together with shares in which the offeror is already interested, carry 30 per cent. or more of the voting rights in a target company; or

B. where it is interested in shares which carry 30 per cent. or more but less than 50 per cent. of the voting rights in a target company, acquires an interest in shares in that company which increases the percentage of its voting rights,

then that offeror will, except with the consent of the Panel, be required to make a “mandatory offer” for all of the ordinary shares in the target company not already owned by it. There are limited purchasing freedoms for controlling shareholders and to allow shareholders to take up their entitlement under secondary issues.

[chesty1] 10/6/2017 15:11

I would have thought buyers would have been all over this after Thursday's late cheeky rns....This is poised to be sold and who knows the price tag!!

[allotment] 09/6/2017 22:23

Very curious

hxxps://www.slaughterandmay.com/media/39320/a-guide-to-takeovers-in-the-united-kingdom.pdf

Page 45 would indicate a takeover bid should occur now

But I am happy to wait

[chesty1] 09/6/2017 16:52

Where did they get the stock from? A lot less now in the public domain. Just me then interested here lol ....