Member Info for AJN1

You know who you are ....tall man you happy son !?

As far as West African Minerals Plc is concerned it can be seen how the rebound which began on the daily chart at the beginning of August appears to be gathering momentum, something that one would expect in the wake of a rebound off extremely oversold levels for the RSI indicator off a post April support line. This along with the fractionally higher August support above 10p and the unfilled gap through the initial August 22.75p resistance, means that going into September we were already been treated to a very positive aftermath of a V shaped recovery. But it can be argued that in the wake of the latest two day rebound off former April support at 25p, this situation is now coming-of-age as a serious upside play. Indeed, 25p is now probably the floor of a September Bull flag, a formation which is likely to lead to a minimum retest of the 200 day moving average/May resistance above 41p over the next 2 to 4 weeks. Indeed, the set up here appears so positive that it would now be disappointing if there were not a retest of 2013 resistance of 2013 resistance to date above 60p by the end of this year. - See more at: http://www.*****************/west-african-mineral-wafm-bull-flag-at-former-support-chart-and-commentary/#sthash.XbWa8H7v.dpuf

Director Dealings West African Minerals Corporation (AIM: WAFM) 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.

Director Dealings and Board Change The Company was notified on 29 April 2013 that Colosseum Holdings Ltd (a company in which Gualtiero Giori, a non-executive director of the Company, has a 60 per cent. interest) sold on 26 April 2013 its entire holding of 22,954,857 ordinary shares of nil par value in the Company (“Ordinary Shares”). The consideration comprised £6,838,642 in cash (equivalent to approximately 29.8p per Ordinary Share) and a non-cash consideration comprising 64% of 50% of the issued share capital of Divine Mining International Limited, Gold Cam Limited and Luz Mining Limited (all of which are private companies) and the assumption of certain obligations of the buyer owed to Divine Mining International Limited. The Company was also notified on 29 April 2013 that Actium Resources Ltd (a company in which Gualtiero Giori also has a 60 per cent. interest) conditionally sold on 26 April 2013 its entire holding of 12,934,222 Ordinary Shares. The consideration comprised £3,853,358 in cash (equivalent to approximately 29.8p per Ordinary Share) and a non-cash consideration comprising 36% of 50% of the issued share capital of Divine Mining International Limited, Gold Cam Limited and Luz Mining Limited (all of which are private companies) and the assumption of certain obligations of the buyer owed to Divine Mining International Limited. Following this transaction, Gualtiero Giori no longer has interest in the Ordinary Shares of WAFM and has also ceased to be a director of the Company with immediate effect. Stephen R. Dattels, the Company’s Chairman, commented: “Mr. Giori was a founder of West African Minerals Corporation and was instrumental in the development of the Company in its formative stages. In selling his stake in the Company Mr. Giori is freeing himself up to dedicate his efforts to advance the development of Divine Mining and his other business interests. The directors of West African Minerals thank Mr. Giori for his contributions and wish him every success in his new endeavours.”

DIRECTOR'S DEALINGS 07 May 2013 The Company was informed on 3 May 2013 that Mr Bradford Mills, Vice-Chairman and director of the Company, purchased 200,000 ordinary shares of nil par value ("Ordinary Shares") at a price of 33 pence per Ordinary Share on 3 May 2013. Following this transaction, Mr Mills holds 200,000 Ordinary Shares in his own name and 30,925,428 Ordinary Shares through Plinian Guernsey Limited in which he is a principal representing 10.7% of the Company's issued Ordinary Share capital.

OVERVIEW West African Minerals Corporation is an iron ore exploration and mining group focused on the acquisition of interests in early stage iron ore exploration projects in Africa. The Group owns, through a 100% owned subsidiary, six iron ore licences that cover an extensive area of approximately 6,000 square kilometres in an emerging iron ore province in Cameroon, West Africa. Neighboring explorers include Sundance Resources and Affero Mining, who are each far advanced with development of iron ore projects. Historical aeromagnetic data indicate a continuation of the total magnetic intensity signature eastwards from Sundance Resources’ Mbalam project into two of the licence areas ... more information In addition, the Group holds a 75% interest in five exploration licences in Sierra Leone. Three of the northern licences are adjacent to or on strike of the Kukuna project owned by Cape Lambert Resources Limited. The fourth licence in the north occurs on strike of Cape Lambert’s Marampa project. ... more information The Group also has a 25% interest in applications for iron exploration permits in the Central African Republic which were recently denied and the licence holder is seeking to have the denial revoked.

Morning GB, whatever the reasons for the comings and goings one look at these lot and we have a powerhouse of expertise, especially when also a couple of them have also invested £14M in Condor Gold Executive Directors Brad Mills, President Anton Mauve, Managing Director Denham Eke, Chief Financial Officer Non-executive Directors James Mellon, Non-Executive Chairman Gerard Holden, Non-executive Director

My attention was also drawn to WAFM from the Mail (18 months ago) and it was at the time 22p ish and I looked who was behind it and have done the same as you and made on the way up and got caught on the surprise severity of it dropping to 9p and wished I had funds at the time to top up but didn't until 20.25. So I have gained more shares overall and when it reaches its true potential these prices will be history. GL ATB

West African Minerals's Djadom projects offer huge potential, says SP Angel By Ian Lyall June 10 2013, 1:00pm first stabs at assessing the early-stage project economics. He puts total capital expenditure at £1.135bn. In fact Meyer makes one of the Boutique resources house SP Angel has taken an in-depth look at West African Minerals (LON:WAFM), the star performer in the sector, and has concluded there is room for significant further growth in its stock market valuation. Setting a 96 pence-a-share price target, analyst John Meyer, a veteran of the sector, rates the stock a ‘buy’. His assessment focuses on the potential of the southern licenses at Djadom, in east Cameroon. It is next door to the 436mln-tonne Mbalam-Nabeba DSO discovery, and the analyst is assuming WAFM is able to compile a resource around half the size of its larger neighbour. In fact Meyer makes one of the first stabs at assessing the early-stage project economics. He puts total capital expenditure at £1.135bn, including a £745mln contribution to the railroad from Cameroon’s interior to the coast. His operating costs estimates, meanwhile, are based on the pathfinder work done by Afferro (LON:AFF), which has developed the 2.5bn Nkout deposit in the country. On this basis the SP Angel analyst puts the mining costs at US$11.42 per tonne, or a US$4.58 a tonne for any DSO (direct shipping ore) uncovered. The most compelling figure is possibly the net present value of the Djadom property, which is put at a shade under US$1bn (US$997mln) based on a 12.5% discount rate. The internal rate of return is estimated to be 29%. “It is difficult to absolutely value a company with no confirmed resource and no set route for transporting its product to market,” said Meyer. “However, drilling and trenching confirms the presence of iron ore in substantial structures on a number of licenses and within reasonable distance of proposed rail routes.” Vice chairman Brad Mills told Proactive Investors in April the group could have a maiden resource compiled for its flagship Cameroon asset by the summer if its US$5mln infill drilling programme goes to plan. The drilling of Djadom has yielded some interesting and exciting results.

300% up over the last 2 months and still nowhere near their potential and JORC due from Monday onwards

Hi EP just me and you that have the heads up then. What's good its totally on the under current as no posters on here either which is good and as we both say big trades and good values. I fully expect this to continue all the way to brokers rating of 90p Good luck mate

Maiden JORC x 2 expected in sept potential 3 bagger from hear with broker recommending 90p for starters. Check out the owners very special people. http://www.proactiveinvestors.com.au/companies/news/47058/west-african-minerals-raises-3m-to-fast-track-heap-leach-starter-project-47058.html

Yes EP plenty of exciting news ahead and I've joined at 25p and sold at 67p bought again 78p and sold at 90p however locked in at 55p thinking that was the bottom and it went heavens knows down to 9p!!! In again at 20p and for once wasn't worried about the paper loss at the time as we have fantastic owners they have the golden touch and no mugs it may be worthwhile noting they put £14M in CNR and that's about to blow too. What I like about WAFM is there seems to be a mature buying platform the trades are consistently 25000/50000/75000 This pattern is identical to the last rise except now we have as you say 2 JORCS on the way All the best

Massive buys 75000, 50000 and maiden JORC expected in sept. Check the people behind WAFM they are all well respected and have followers with money. Reached a high of 90p and the pattern is the same hasn't stopped going up with good 5/7% each day. DYOR

Madagascar Oil focused on Tsimiroro in the near term 7:59 am by Jon Mainwaring http://bit.ly/nONZba Tsimiroro contains 1.7 billion barrels of ‘best estimate’ contingent oil resources and 2.1 billion barrels of prospective resources Madagascar Oil (LON:MOIL) said today that it is currently focusing on the steam flood pilot at its Tsimiroro project in the near term, while it seeks to resume discussions regarding approval of 2011/2012 work programmes for its exploration blocks in Madagascar. The steam flood pilot is expected to come online with first production in the second half of 2012. (Steam flooding both heats oil in order to improve its viscosity while also pushing it towards production wells) Announcing its interim results today, Madagascar’s chairman and CEO Laurie Hunter, said: “Tsimiroro remains our primary focus, so we do not believe that the curtailment of activity on the exploration blocks will adversely affect our near-term business. However, we are hopeful that once the country's political issues are resolved, key government officials will move to address approval of our continuing exploration programme." The company said that it had expected an agreement would have been reached by now with the Madagascan government concerning the firm’s plans for its three exploration blocks, particularly since the management of the firm believes there are no outstanding technical issues surrounding the proposed work on the exploration blocks. However, due to the government’s current focus on upcoming elections, as well as ongoing “roadmap” negotiations with the Southern African Development Coummunity, the firm said it is not able to predict when the Ministry of Mines and Hydrocarbons will act on the issue and approve its work programme and budget for the exploration blocks. The company is able to go ahead with its work on Tsimiroro, however, thanks to the resolution of a dispute with the government regarding the block. Meanwhile, the government has also agreed to revise the terms of the firm’s joint venture with Total E&P on Block 3102 (Bemolanga), so Madagascar will be able to press forward with this project too. Earlier this week, the company reported a significant increase in oil-in-place resources at Tsimiroro. The oilfield is now estimated to contain 1.7 billion barrels of ‘best estimate’ contingent oil resources and 2.1 billion barrels of prospective resources. At Bemolanga, Madagascar is currently shifting its work programme focus to pursue conventional hydrocarbon potential. At the end of August, Madagascar had unrestricted cash balances of US$56 milion to executive its steam flood pilot at Tsimiroro and the additional work required to develop drillable prospects on its three exploration blocks. The exploratory work being conducted on the Bemolanga block is expected to be covered by the US$10 million gross carry remaining under the firm’s agreemen

Madagascar Oil (LON:MOIL) - Valuation disconnect Monday, Oct 24 2011 by Edison Investment Research http://www.stockopedia.co.uk/research/valuation-disconnect-61165/ Oct 24th 2011 - Edison Investment Research today published a report on Madagascar Oil (MOIL.L, LSE:MOIL, LON:MOIL) entitled "Valuation Disconnect". In summary, the report says: The latest independent Tsimiroro resource upgrade has pushed our valuation for Madagascar Oil into the stratosphere. Even with highly conservative economic assumptions we see a 10 times current share price core valuation. At the heart of this disconnect is a lingering hangover from a licence dispute and general market unease as to commerciality. With the key licence issue now resolved, what remains is a 2012 steam-flooding pilot to prove commerciality for what could be a truly transformational investment, albeit with significant execution risk

creditors will be satisfied and then opens up a gateway for any take over bid IMHO WATCH THIS SPACE FOR THE NEXT 4 WEEKS

as per my message this morning this is what was expected, the share price was so low on the last court date the spike to 3.7 was really where we should be today we need things to seTtle and yes this is very good news ASTO will re structure the finances and do a JJB where the creditors are happy albeit we are doing an SOA and not a CVA and the sHare price will rise without a doubt a very strong buy

I now expect the SP to hold here for a few weeks...................all to plan.....................GL all see you all again very soon

creditors have to play ball paving the way for a clear financial runway - potential take over after that all as expected GL all and hold for another few weeks