Afri-Can Marine Minerals Corporation V.AFA

Reply

[LeGagneur]

Dear xxx,

We have finaly received the conditional approval from the Stock Exchange for the amended agreement for EPL 3403. They were awfully slow. They took 2 months for an approval that would normally take 2 to 3 weeks. We even had to make a formal complaint, which is not ususal with TSX Venture. The condition are usual stuff and will be met shortly. We will then be able to announce the approval and that we immeditely start preparing the survey to start in the shortest time schedule possible. The vessel is ready and waiting for the survey to start. The start of the program was pending only because of the new amendment and its approval by the Exchange.

We have made extensive promotion in New York, Toronto and South Africa for both the marine diamonds and the copper. We have attracted a lot of interest for both project. We will look at financing only after the survey will have started and that the details of the spin-off dividend will have been announced.

Do not hesitate to contact me for any further information.

Kind regards

Pierre Leveille
President & CEO
Afri-Can Marine Minerals Corp.
1801 Mc Gill College Avenue, # 1325,
Montreal, Qc. Canada
H3A 2N4
Tel: [phone]
Cel: 1-819-437-9864

[Nick777]

Thanks legagneur!!! I think this is the reason why we have volume since a couple of days!!! Nick

[paulindoon]

I I guess with my inclussion, franjul will also label me as a "pumper"- but do I care????? So with the above label out of the way, here is some additional info that I rec'd a week ago: "The spin-off of the Haib copper project.  This process also was longer than we would have liked, but before divulging any information, we wanted to get all the pieces of the puzzle in place

[arpagon29]

Thanks for the up-date.  And I further agree nobody cares, other then fake boobs lady,  about what it's name says...   But I must say that it is funny that what it's name is so full of himself that he believe that everybody who is long afa is a pumper...

[FRANJUL]

nice information.  You must have a very good contact somewhere.... humm so I will make a fortune with my 50 shares.     long...............  

[paulindoon]

I suppose I AM wasting my time in bothering to point out that anyone who believes in this AFA story - yes I admit I am one - does need patience waiting for it's fruit to ripen. But this waiting is NOT much of a disadvantage for as has been pointed out numerous times by several posters, AFA is an exploration venture and projects necessarily take time to bear results. By choosing to be an AFA

[arpagon29]

Don't waste your time even bothering to answer what it's name and his transgender identity.    That is the only thing it seeks..., put them were they belong on Ignore...    But please continue to give us any new information that you may have on AFA.

[Nick777]

I buy 62000 shares at the opening market!!! I down my average price to 0.09$ per share!! I really think this is the year for AFA and sharesholders!! Good luck guys!!! Nick

[LeGagneur]

some two months ago or rather 31 of jan 2012 2 this in parts is what I got as an answer from AFA CEO Mr Leveille: "We have finaly received the conditional approval from the Stock Exchange for the amended agreement for EPL 3403. They were awfully slow. They took 2 months for an approval that would normally take 2 to 3 weeks. We even had to make a formal complaint, which is not ususal with TSX

[paulindoon]

Thnx LeGagneur for yr post. As frudtrating as the waiting for this EPL3404 survey & connecting events to start is, none-the-less, progress is evident. Let's all hope that these results are more fruitfull than those from Block J. At this point, I believe they will be. BTW, does anyone have any input regarding anything concerning lock J. Is Block J dead? Finally, let us NOT forget about

[FRANJUL]

the vesell is ready..........     hahahahaha.......    it is a good one,   will be leaving before end of march....hihihihihi.   very goood joke, so funny.

[cwg04]

block j is on the ice for the moment they give priority to the othr project.   Last time i've got info from the management , they said that we would get some NR in 2-3 weeks about the survey.  That was a little less than 3 weeks ago ...   cwg

[FKloster]

excellent question Paulindoon "Is Block J dead?"

[LeGagneur]

Dear xxx, The planning is completed and we are awaiting the survey starting date from IMDH. It should be resolved in the coming days and our goal is to start before the end of March. A press release will be issued as soon as we have the date. Kind regards Pierre Leveille President & CEO Afri-Can Marine Minerals Corp. 1801 Mc Gill College Avenue, # 1325, Montreal, Qc. Canada H3A 2N4 Tel: 1

[FRANJUL]

10 days before the end of the month......  Lets go fishing..... we will eat diamond,    hummmm  Ho!!!   do we have enought money the pay the fuel for one day...         

[FRANJUL]

THE END OF MARCH   2022  !!!!

[LeGagneur]

Dear xxx, The goal is still to start before the end of March. It will start any day. We are only awaiting that IMDH sign a contract with another client for which they will carry the survey immediately after ours without going back to port. The other client needs also a 2 weeks survey and as their concession is near of EPL 3403, IMDH will save cost in not going back to port. We are ready to

[LeGagneur]

The URl attached is not the correct one. I assume the updated RB Milestone will be up in a viffy of AFAs homepage..

[LeGagneur]

extract from the latest RB Mining analysis dated march 26th: "Taking our base case, we arrive at a fair value of US.24 per share, a 497.1% upside from the current trading price of US.04/share. At US$450/carat diamond price assumption, fair value per share comes to US.31 giving a potential upside of 665.2%. Even a pessimistic price assumption of US$300/carat yields an upside of 375.7% from the

[FRANJUL]

DATED JULY 2011......   old stufff as usual

[LeGagneur]

I suggest while waiting for the company to post in on the web page that youi contact AFA and request them to send you the latest RB Mining dated 26th of march report concering their updated AFA analysis: in the meanwile here some more stuff on page 9: Given the historical price realization around EPL 3403 and the robust diamond price outlook, our base case at US$350/carat appears to be

[cwg04]

subscribe to hialpha on milestone website , it's already there ... so what I understand is that AFA worths potentially  0.31$  at 450$/carat. we need 2 things to be able to reach this price. 1- a confirmation that EPL really have more than 1 millions carats in the ground. That's one of the purpose of the coming  sampling. 2- a market that is willing to take risk ...  

[LeGagneur]

Actually is now all about this issue: "a confirmation that EPL really have more than 1 millions carats in the ground" As Central banks ww already have initiated the perpetual QE we now see unfolding investors to a much higher degree from here on seeking shelter in hard asstes as fiat currencys depreciate in value in an ever increasing phase and most certainly also bonds can be regarded

[FRANJUL]

target price 0.31   this is a good one, with over 300 million shares on the market.   So you thing that thwe cie worth 100 millions   ouf   a lot of diamonds...... 

[LeGagneur]

Dear xxx,   We have the date of departure since this morning and it will be disclosed in the coming days. As I mentioned previoulsly IMDH were negotiating a contract with another client for a small survey that they could carry out on an adjacent concession immediately after our survey and without going back to port. They have signed the agreement this morning and we will now be able to start.

[FRANJUL]

great NEWS,  we should see heavy volume today and the price will fly like a rocket.   Le Gagneur is the new communication firm for AFA,  loll.

[FRANJUL]

how come that they did not mention the date of departure in the pr this morning ?

[FKloster]

" The geophysical survey will start before the end of April, 2012 and we will advise shareholders of the exact departure date in due course."