Member Info for English_Parisien

Hi Gerry: My pleasure! I`m jealous of your position! Like AJN1, I did very well out of WAFM last year (24p -> 72p), but missed out on making a great investment at 11p because I was new to stocks. Then made mini profits on the 40p -> 60p swings, befoore getting locked in at 35p for a rather large amount. As such, although I managed to reduce my average to 22p, I am still sore at missing the chance to go ALL IN at 10p and have 100k of shares..gutted! As such, make the very most of these low levels and hopefully we might just be seeing triple figures soon. If so, with your 6-10 bagger, you can buy a Eurostar ticket, come to Paris and buy me a pint or a bottle of red ;) Then when FRX and SUMM to the same thing, then we can properly go to town! Atb - EP

...Since yesterday. Seems that someone might be building a stake! I expect to see a green finish today, and quite a strong one: circa 35p. September next Monday, means that the JORC could come anytime as of next week! GLA - EP

Hi AJN1, you are very right! Remember also that the directors bought large chunks of shares at 50p not too long ago, so they obviously have strong confidence in the direction of the company and just how far north the SP could go from here. Small-cap mining companies are having a decent time these last few weeks (only have to look at REM to see just the potential and excitement surrounding their recent scouting results and upcoming JORC; I appreciate that there other factors too). Remember that we have 2 JORCs to come in the next few weeks, with a further detailed update on JORC #1 shortly after. I believe that the latest stocktube video suggested that we might even have a third site update too! Still plenty of cash left in the bank too from the last placing! Get them while you can! Fingers crossed that double digits will soon be a thing of the past for this stock! I haven't the source to hand, but I recall Brad Mills saying that WAFM believe to have 3 sites that could equal and/or surpass the Sundance Resources site, recently valued at $1.3billion in the failed sale to the Chinese. That is equivalent to around £10-£12 a share... WAFM`s potential is massive...but for now, let`s wait and see how the market reacts to the first JORC! GLA-EP

Possible maiden resource news finally on its way?! GLA - EP

- 37/199 holes intersect significant mineralisation; that`s 19% of all holes hitting >30%Fe over >5m thickness! - S'Djadom drilling to be finished in 2/3 weeks: - Block 1 Mineral Resource Estimate in September (as early as 5 weeks from now) - Block 2 supplementary MRE in October (as early as 9 weeks from now) - Additional Binga drilling to develop a Mineral Resource for year end - exploratory work continues in 6 other permits/leases This should hopefully kickstart our progression back towards breaking even and/or profit! GLA - EP

*It is no fun seeing a favoured share hitting rock-bottom, but I remain confident that the value will pick up in preparation for the first Maiden Resource announcement in September. GLA - EP

Morning all. Although this is my first post on the WAFM LSE page, I am not new to the WAFM share. I bought in in January 2012 shortly after the share's introduction to AIM and did very well off of the monumental rise, though sold out in the 60s, missing the 92p peak (if I remember correctly). Then I rode the curve up and down between 45p and 60p, buying and selling for small 30% markups. But I got carried away, bought in once again at 45p only to see the SP then drop to where we are today. It's no fun looking at your average for a share and seeing -50%. I am a little disappointed too that we were promised the first Maiden Resource in 2 separate media events for the end of July, and now it is looking likely to be sometime in September. So for all my waffling, what am I trying to get at? Well: Hold the faith. -WAFM fundamentals have barely changed between the recent average of 50p and yesterday's close of circa 10p. 2 maiden resources are on their way before the end of October with a further update of the first also in the works; recent broker notes put the value of the company based on South Djadom ALONE at 96p. -Infrastructure is in place in Cameroon to expedite shipping of the iron ore; and it is hoped by the markets that the recent drop in iron ore prices is to soon bump up as the $120 is not sustainable. In fact, iron ore hit recent highs of $130 (http://www.mining.com/what-chinese-slowdown-iron-ore-price-closes-in-on-3-month-high-21342/). -This does not detract from the fact that Dattels has left which for some has been a big selling point. But perhaps he left knowing that the share is in good hands. I have seen no RNS stating that he has sold his shares in the company, so he must retain his faith in a company that he set up. He also sold his previous company for around a billion dollars; so he can walk away with cash in the bank to spend time with his family and wait for WAFM to come good under the charge of Brad Mills and Jim Mellon. -Further to this, recent director buys have also buoyed optimism in the share. -I have tried to look at other AIM based mining companies to see the effect of maiden resource announcements on their SP. KEFI (http://www.proactiveinvestors.co.uk/companies/news/57476/kefi-minerals-md-thrilled-by-maiden-resource-at-jibal-qutman--57476.html) saw a 20%+ rise in their SP following their recent maiden resource announcement. -Finally, talks are ongoing for a Sundance Resources buy-out or other activity (acquisition merger, etc - http://www.abc.net.au/news/2013-04-09/sundance-deal-with-hanlong-falls-through/4617606). If memory serves, it was suggested by Brad Mills that South Djadom ALONE could have an equivalent iron ore value of Sundance's Mbalam zone. Sundance were value at $1.3 billion for a buy-out! We then have 2 further WAFM zones of similar value.... It is no fun seeing a favoured share hitting rock-bottom, but I remain confident that the value will pick up in preparation for