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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by FRANJULon Nov 15, 2011 7:43pm
125 Views
Post# 19240052

RE: RE: RE: Hey Franjull

RE: RE: RE: Hey Franjulllet say they have an interest of  15 millions ( source their presentation sep 12 th)   

15millions $ / 300m shares =  0.05 

They will not get the money in one shot,  let say 5 years,  so in one year they might receive  3 millions

3  m / 300 m =   0.01


BUT  now they don not have money.     They will need  at least 1,5 m for the next phase of fishing 

conclusion

You will never see the dividend, this stock is very expensive at 0.04 

Target price 0.02 before the end of the year.
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