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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Post by paulindoonon Jun 11, 2010 7:53am
392 Views
Post# 17179907

Good posts PDC/Kegaston

Good posts PDC/KegastonIt seems that both PDC & Kegaston have posted well reasoned outlines and for all anyone can know, either or both have aspects that are correct to whatever degree truth will allow. But I suppose, we will never know what that amount is and only time will tell which one fits the best.

I, for one, was NOT displeased with the findings as listed yesterday - although I will admit some dissappointment in the size of the largest gem found - at 0.64 carats from. feature 8

But let's leave that aside until the NI rteport comes out in 3 months time. Now allow me to add another detail to the info mix that has been posted. As the followers of this stock know, and as AFA set out in the NR of 10 May (link: https://www.afri-can.com/files/ssparagraph/240588678/afa_pr_may_10_2010.pdf) the warrant issued to IMDH "as payment for accrued liabilities of $424,000 & for acquisition of data from IMDH" (Link:https://www.afri-can.com/files/ssparagraph/3027809417/afa_pr_jan_21_2010.pdf) @ a strike of
.20 were extended to expire from June 15/10 to Aug 15/10. I believe that it makes little sense for IMDH to exercize those warrants UNLESS the SP rises above that
.20 level. But the Aug 15 date sets up a very concrete time limit.

So I am betting that AFA will be above 0.20 before Aug 15/10.

Just another take to this story is all but I'll stick to it until proven wrong. Yeah, I held on to all my shares & did not join those that panicked (or otherwise) yesterday. GLTA
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