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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by Jonnyteston May 05, 2010 11:13am
418 Views
Post# 17064943

RE: DROP TO 0,205$$

RE: DROP TO 0,205$$And this is relevant to us why...

Ps, don't blame Europe for this, my guess is that we have people from Quebec wetting their bed and selling there shares just a few days before we are due to get an update, that is their problems...

What do you want us to do ?

We are in the fog of exploration, and we are not even half way through the program, so I just don't get the people reaction...

If anything what the market is saying is that anything above 500,000 carat is a success.... because that is how  the market is valuating afa right now... , and this without giving any value whatsoever to the potential of AFA other projects...

How did I come up with that number... In AFA last presentation, they made a comment that for each 1 million carat, there was a value of about
.40 per shares.... so since
.20 is half of
.40 then 500,000 is and half of the 1 million carat...

So you see, there is really no reason to worry at this time, there will always be people that sell before they use there brains..and that is because, they are like you afraid of losing.... but this is a high risk, high rewards games and not a orphan and widow play.

Hang in there...




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