Some thoughtsAll IMO and do your own DD.
Since April 23, AFA has traded 45,110,175 shares over the price of 26.5 cents, most over 30. That's 36.7% of the float in only 3 weeks. When news comes out, you can count on continued high volume, as the interest here is only going to increase as more eyes and ears get exposed to this story. Being in the Top Volume for the Venture this week (1st yesterday and 2nd today) is going to ensure a few more people check out the story, just as news is ready to roll.
And I wouldn't place too much credence in any rumours you hear unless they've been verified by fact (either through your own research or by talking with Bernard). 100M carats is ludicrous, 10 is even going to be a MASSIVE success story. Atlantic One has proven reserves of 16.2M carats, as was seen in the news release. Half or even a quarter of that and we're all rich. The only way I can ever see a 100M deposit is if there is a meteorite crater on our claim that has filled up with nothing but diamonds over the past few million years. Now THAT would be sweet.
Looks like we also came back today to retest the previous 52 week high resistance point of 37, but the volume in the last 2/3 of the day was nothing compared to the number of shares that exchanged hands in the morning at 38-39 up to 41.5. It will be interesting to see what it does tomorrow. Does it consolidate back here in the 37 range until news comes out or does continue to rise in anticipation, strong fundamentals pulling it along? I certainly don't think it will go down on any volume of significance. Low volume down, low volume back up and if the buyers show up again tomorrow we should see north of 40 once again quite easily. But only time will tell.
GO AFA GO!
The Fever