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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by kegastonon Aug 15, 2007 8:30am
345 Views
Post# 13247093

RE: This is why I sold ????

RE: This is why I sold ????Well.. well... your comments are funny because of what they don't say. Let look at your comments: You state that you purchase your shares in and around august 2006 ... that means that when the stock was in the $0.10 and $0.12 range.. After the announcement of the IMDH deal and before the geophysical work program started... and that you sold around June 2007 when the stock was in the $0.28 to $0.30 range... And that the reason that you sold was because of the comment about the potential being conceptual in nature.... My questions to you are: a)were you aware that the conceptual statement was actually first made by the Corporation in January 2007?, if so why did you not sale your shares then... b) what do you think is the reason for the sampling program, if not to upgrade the resource statement... c) was a change in the fundamental of the story other then you having discover that statement in June 2007 from the time you first purchase the stock? d) What stop you from buying back the stock at these levels? My point is this, the fundamental of the story clearly suggest that AFA is undervalue, I am of the opinion that is was still undervalue in the $0.30 range and it is now more then ever... Market are craps and I would not be surprise to discover that some of the buying came from people that had overextended themselves and need to raise capital were ever they can find it... Once that will be past we should move back up... d)
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