Dear Impatientone
Long time since we last spoke....
While your point about the waiting may still be a correct answer to submit in an MBA clase...the fact is that your solution is base on two very risky hypothesis... A) that they have found a significant enough diamond resources to start mining immediately on block J, and B) That IMDH would be willing to wait for AFA ......
I, for one, am very happy that have been opportunistic and made this acquisition now. There are no guarantee that the concession would have still been available later.
I see nothing in this acquisition that demonstrate that the company is nothing by focus on developing serious marine projects. To the contrary, this acquisition is strategically vital for AFA...
Thing about it, all summer, a majority of the poster on this site were talking about the importance of having IMDH exercising their 12,5 million warrants... Many poster were even stating that it was crucial for AFA to have IMDH become a shareholders of the Corporation, since that would increase their commitment to our development ...
So intead of IMDH exercising their warrants, they have agreed to sale one of the best concession on the west coast to AFA in order to become shareholders of AFA... And what do AFA shareholder get in return, 100% interest in the concession with no other string attach then raising funds to be used to finance the exploration program to be done by the Corporation... Funds that the Corporation needed to raise any ways if they wanted to do any more exploration - Trial mining on block J...
Further, just looking at the potential of the concession, there can be no macth between the value of EPL 3403... Heck the biguest stone we ever found on Block J is a 0.68 ct and they have, in just one sample, multiple stone with an average size of 0.80 and the largest stones they found 2.68 carats....(that is 3.9 time the size of our largest stones..) This is a winner, winner winner deal for all ....
Impatientone, do me a favor, go a take a serious look at the new presentation of AFA and tell me that you can see the added value for the AFA and the importance of making this acquisition now...