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Many iron ore bosses are wringing their hands at its price halving in three and a half years. But Anton Mauve, managing director of Jim Mellon's Isle of Man-based West African Minerals Corporation (WAFM) is not one of them, even though these woes have sent the AIM-quoted iron ore explorer’s shares down from 32.75p to 5.88p over the past year, for a stock market value of £22.1 million. Following encouraging exploration results at West African’s properties in Cameroon and Sierra Leone, Mauve, a former head of Lonmin Platinum, declares ‘the gloom makes us happy’. But why?
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Comments
wildrides
“Water” Mellon seems to have a nice one here . I do like a good bottom fish and this might just be the ticket .
David Russell
Its difficult to buy assets above ground but to invest money in assets below ground is fools gold. I like the name of this company some names am proper dodgy. Its a well written article. Well done.:)