Callun
09 Dec 2016
Re: Rocket fuel A dodo that turns out to be a phoenix, perhaps? I hope so.Been in these from the start when they were Emerging Metals. I had written WAFM down as a total loss, back of drawer, forgotten about, but it seems to have at least some life in it still. May top up but still wary. Is the rise on the back of market factors or WAFM specifics?Callun
Elviron1
07 Dec 2016
Rocket fuel Share was close to cheapest it's ever been earlier this week at around 2p. It hit an all-time low, and rebounded quickly, at the start of November, at which point, taking account of the spread, you'd have been lucky to pick some up for 1.5p.Upside potential PLENTY from here. Downside risk not so much - cashed up to the tune of £3.6 million (yes that's pounds not dollars) and with a prudent management. Plenty enough to weather the storm. And I believe that by the time all the punters realize that the storm has cleared these bargain levels will be history and the lucky ones will be jumping on the train at station 10p.A taste of that action today - was up 100% in a matter of 30 minutes. Imagine the movement on an announcement that they are going to move this thing into production...
Callun
12 Oct 2016
Re: still trading? Yes. Just.[link]
watcher2
03 Dec 2015
still trading? is this company still trading??
Dan o2
08 Aug 2015
Re: No news yet 25% increase in SP Nope, let's hope it keeps on going. Didn't mean to vote up, Fat fingers on I phone!
Fatlunch
07 Aug 2015
No news yet 25% increase in SP Anyone now the reason for the rise ?Thanks
forwardloop
27 Feb 2015
summary [link] African Minerals (LON:WAFM) has undertaken a major retrenchment of its operations in Cameroon and Sierra Leone to conserve cash. The iron ore explorer has slashed its planned operational expenditure in the current year, with the remaining projects to be outsourced to a company run by existing management.The company’s main targets at Binga, Djadom and Sanaga, and the exploration targets identified at Lélé and Djadom North are all being retained but the interests elsewhere, including in Sierra Leone, are being handed back to save money.As a result, technical and operating expenses will fall to US$350,000 from US$2.92mln while the land area WAFM has rights over in Cameroon reduces to 332 sq km from 4,200 sq km.Management of the ongoing projects will now be handled by Plinian Capital at an annual cost of US$160,000.Plinian’s fees will include the costs of president Brad Mills, managing director Anton Mauve and the exploration director. Mills and Mauve are both shareholders in Plinian.Mills said: "The company is very pleased with the technical work it completed in 2014, and in particular the Maiden Inferred Mineral Resource Estimate for its Sanaga project which was completed on time and on budget.“The directors are however mindful of current market conditions, and the importance at this time of preserving cash. “Our current cash position is approximately US$7mln and the 2015 Budget seeks to maintain this cash position by reducing expenses at the operational and corporate level to the absolute minimum.”
watcher2
27 Feb 2015
still trading? is this company still trading>?
