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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by arpagon29on Mar 28, 2011 9:01am
326 Views
Post# 18348783

RE: Finally, a departure

RE: Finally, a departure
Your post is an essay in the contradictions that have plague the shares of AFA over the last 12 months, and it clearly explain why the afa shares price is so depress presently that we now have a negative expectations price on the stock at the start of the program.


Felix51, I am never certain if your comments are positive or negative, but it does seam that you make a comment implying that the six months delays is somehow the fault of management,  and I am pretty certain that that view is share by many others, and yet the fact are very simple and they not support that position, but I have never seen the disappointed investors on this board letting that stop them.

Fact is, the acquisition of EPL 3403 was conditional to the approval of the TSX Venture and the TSX needed to approve the technical report submitted by the Corporation.  Now the fact that the TSX took  5 months to approve was is fundamentally the same report the Corporation submitted in November, cannot be blame on the management, but I will agree that not knowing when delay did not allowed any anticipation to be created in the share price agree.

Yet that this stop the Corporation from moving forward, since during that time, the sampling program planning was advance enough so that once the approval was obtain on the Technical report, the implementation of the sampling program move very quickly.

And even that event did not create any real anticipation in the shares prices, and as soon as solid volume appeared, people dumps there shares on the cheap out of fear....

Now for me the good news is that it is clear that the present share price does not have any expectation of exploration success, and what I like from the communication is that the goal of the program are clear, now let just hope that we will find some diamonds and create once again the excitement that move our little stock in the past.



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