IMIC with Chinese backing will very likely takeover AFFerro who have about $90 million in cash. The bid comes in three forms worth £1 up to £1.40, and the shares are at 73 pence - that says everything at this stage.
WAFM West African, are drilling in areas requiring little railing of iron ore. So if they come up trumps in their next drilling campaign all eyes might turn on them.
