RE: CIBS buys AFA sinceWow,
you are good, that sentence seems so ambivalent and yet there so much room to critic the Company disclosure....
Now, if you need real DD, go back an read what the Company has been saying for some time:
a) they have a significant marine diamond find in there hands.. 43-101 compliant report talk of starting potential of about 1,6 million carats..
b) on a discounted value this could give about $0.80 of value per share for each 1 million carat of potential that is proven up to reserve category...
c) they are in association with a major maritime operator that decided to become a major marine mining operator...
d) the operator is spending a lot of his money to equip its fleets of marine exploration and mining vessel...
e) base on past experience were geophysical data takes between 3 to 6 months to be analyzed ... it seem logical to believe that additional information should be becoming available in the coming month.. April being month 5...
So if you review the information, the conclusion whereby the stock is undervalue make sense...
There will always be 3 type of players... the one that never believe in the story.... The one that believe, but will not buy until the know when the boat will be in the water and the third, the one who ahve made up there mind an decide to buy before the market really wake up...
I for one believe that the stock is still very undervalue...