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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by FKlosteron Feb 10, 2009 3:30pm
676 Views
Post# 15767828

RE: Is the boat

RE: Is the boatIf you look at sedar's MD&A of Jan 29,2009 it states:

"IMDH has not yet advised Afri-can of the departure date."

We are all waiting for the news. It is my understanding that IMDH is waiting for some kind of inspection to release the ship from Singapore. 
There is a rumour out there that AFA may end up using a smaller ship for the sampling to move things along quicker as the ship will not have to be modified. It will have the sampling equipment on the ship already.  The ship will be ready to work once/if an agreement can be found. If this is true and an agreement can be found quickly then this will drastically speed things up as we will no longer have to wait for further retrofits in South Africa.

The good news is there is no debt in the company and when the bulk sampling is finally under way chances are we will extract some diamonds to generate some cash to help pay for the sampling!

Good luck in these trying times.


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