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Relative Strength (%)
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52w High
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Growth & Value

Margin of Safety (beta)
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Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 31st Mar 2009 2010 2011 2012 2013 2014 TTM 2015E 2016E CAGR / Avg
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Net Profit £m
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Cash etc £m
Working Capital £m
Net Fixed Assets £m
Net Debt £m
Book Value £m
Average Shares m
Book Value ps p -28.6%

FINANCIAL BRIEF: For the six months ended 30 September 2014, West African Minerals Corp revenues was not reported. Net loss decreased 89% to L670K. Lower net loss reflects Impairment of exploration permits decrease from L3.1M (expense) to L0K, Impairment of deferred mine exploration decrease from L2M (expense) to L0K, Impairment of goodwill decrease from L215K (expense) to L0K. more »

Health Trend

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  Earnings Manipulation Risk

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Broker Forecasts
31st Mar 2015
31st Mar 2016

Price Target: N/A Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: n/a (£) (p) (p) (£) (p) (p)
Consensus Estimate
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Broker Consensus Trend
Broker Recommendations for West African Minerals
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts:

Named Brokers and Analysts
SP Angel John Meyer ,

Profile Summary

West African Minerals Corporation (West African) is an iron ore exploration and mining company. The Company is focused on the mineral exploration and development in two African regions, Cameroon and Sierra Leone. It is also engaged in the investment opportunities across all types of natural resource projects. The Company, through its 100% owned subsidiary, Compagnie Miniere du Cameroun SA, owns exploration licenses in Cameroon spanning the coastal regions near existing and developing ports, which includes the Sanaga permit near the Port of Douala and the Binga permit near the Kribi deep water seaport. In Sierra Leone, the Company has exploration rights to explore for minerals, particularly iron ore, over around five licenses totaling approximately 687 sq km (square kilometer). The Company’s subsidiaries include Ferrum Resources Limited, CMC Guernsey Limited, Ferrous Africa Limited, Tanziron Resources Limited and Ingwe Investments Limited.

Directors: Bradford Mills (CHM) 60, Denham Eke (CFO) 61, Anton Mauve (MDR) 45, Gerard Holden (NED) 49, James Mellon (NED) 57,

No. of Employees: 0 No. of Shareholders: 0

Last Annual March 31st, 2014
Last Interim September 30th, 2014
Shares in Issue 381,157,838
Free Float 180.9m (47.5%)
Sector Basic Materials
Industry Metals & Mining
Index FTSE Intl-aim All Share ,
Exchange London Stock Exchange (AIM)
Eligible for an ISA? a SIPP?

WAFM Share Price Performance WAFM Quote
-0.2  -6.9%
Traded 11:58am · Minimum 15 min delayed · NMS: 15.0k

Latest WAFM News Announcements (delayed)

Upcoming WAFM Events
Wednesday 1st October, 2014 (estimate)
West African Minerals Corp Annual General Meeting

Recent ↓
Saturday 26th April, 2014
West African Minerals Corp at Burnbrae Media Ltd's UK Master Investor Show
Thursday 20th March, 2014
West African Minerals Corp at Proactive Investors One2One Investor Forum - London
Tuesday 4th March, 2014
West African Minerals Corp at PDAC Conference
Wednesday 15th January, 2014
West African Minerals Corp Binga Initial Inferred Mineral Resource and Drilling Update
Friday 27th December, 2013
Interim 2013-2014 West African Minerals Corp Earnings Release
Monday 2nd December, 2013
West African Minerals Corp at Aspermont Ltd's Mines and Money London
Thursday 31st October, 2013
West African Minerals Corp South Djadom Block 2 Mineral Resource Estimate and Drilling Update
Tuesday 21st August, 2012
Preliminary 2012 West African Minerals Corp Earnings Release
Monday 19th December, 2011
Emerging Metals Ltd Reverse Split For EML.L
Thursday 29th September, 2011
Emerging Metals Ltd Annual General Meeting

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