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West African Iron Ore Corp V.WAI

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals
Alternate Symbol(s):  V.WAI.WT | WWEXF

West African Iron Ore Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of iron ore properties located in the Republic of Guinea.
Price: $0.005 | Change: $0.00 | %Change: 0.00%
Volume: 203,000 | Day High/Low: 0.01/0.005 | 52 Week High/Low: 0.03/0.005
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WAI Most Recent Financials

Cash: $47K, Total Assets: $14 Million, Total Debt: $12.3 million, Quarterly cash burn: $700K, Common Shares: 177 million  rate and reply
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RE:RE:RE:GUY in Europe

I'm very confident that things will turn out for the better. It's just a matter of time.  rate and reply
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RE:RE:GUY in Europe

Thanks for the update rivermoney,   whatever hes working on lets hope it pans out.  rate and reply
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RE:GUY in Europe

I spoke to someone in there office last week and he was still in Europe. He is working none stop on completing these deals. It sounds like this will be big stuff. If I read between the lines, more
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GUY in Europe

Hi Rivermoney. As far as you know is Guy still in Europe, in two days it will be a month since you posted that, just curious if he still over there?  rate and reply
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CIF and Bellzone This could have happened to WAI if Guy agreed to their terms last year.  Guy knew what CIF was up to.  Bellzone put too more
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still in Europe

the last I hear is Guy is still in Europe. He must be just finalizing agreements. We should have something soon. Load up at these prices. It won't last long.  rate and reply
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JSW Steel "Set to foray into European market with the acquisition of an more
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WAI is in a very unique situation,  very comforting to know that the CEO has his own skin in the game.    Sounds like he is working very hard and will not give up.   Shows that he really belives more
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Looks like...

WAI can ride this out as SARI is giving the financing for now.  The others like Bellzone and London Mining are at the mercy of either CIF or their creditors and, with being in production, the low more
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Looks like

Wai is about to bite the biscuit, kick the can, buy the farm, taken behind the barn, ect.  rate and reply
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volume spike

Volume seems to spike once every few months or so on WAI.  WAI's IR has stated in the past they guess it is due to someone getting a margin call on their account and having to liquidate something more
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RE:A small positive sign

A low spot price for iron ore makes the 'low cost' producer more favourable.  Assuming WAI's cost to get the ore out of the ground is low or the lowest in the region, then that should make more
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A small positive sign

To be honest I am not too optimistic about my investment in WAI, given the low price of iron ore and that the big Australian producers are planning to keep it low. However here is one positive more
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sell off

Not sure why the big sell off. We should be getting some good news soon.  rate and reply
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RE:RE:Update from Guy Duport

He is travelling in France, Germany, Czech Republic and Turkey. Speculation on contacts: France more
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RE:Update from Guy Duport

WAI has SARI as a definite backing which makes them a Good buy. I believe Guy has been in Europe for some time now. Where in Europe is the question. Perhaps “Switzerland” where Glencore’s head office more
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Update from Guy Duport

He is currently in Europe conducting targeted meetings with interested parties. WAI is in advanced discussions with a financial institution for long term financing needs. I asked about Bellzone more
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Quote for NR.."During the first 8 months of 2014, the Company has continued its discussions with international funds, financial institutions and major mining companies in order to complete both more
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Wonder why Jorge stepped down? Good to hear talks are on going still but WAI needs to seal a deal. The company holding up the technical report should be sued once we have enough $$$ over and more

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