Dear Badswede...Badswede,
I apologize for my long rant, but I have been keeping quiet for some time now...
I guess that I should pass your purity test.. (being an investor in AFA, writing on SH for long enough for you pleasure) and who knows, maybe you will listen and discuss what I have to say....
(You can check my post, but trust me I have been in AFA from the start, so I am getting used to the silly fluctuations on the stock, and the silly comments.. One the funniest patterned I have came across is, that over the years, the worst fluctuation on the stock both up or down have usually one point in common... the Swede are buying or selling...)
Now if you say you have been on this stock for three years, then you should be honest and tell us why you purchase AFA in the first place... could it be that you read about AFA in a Swedish BB...
Remember the push to
.40, it occurred when the biggest promotion ever done on any BB on AFA was done (in 2007) by a Swede called Loparm ..., He is actually the source of the crazy expectations... since he is the first to have mentioned, with long quazy technical writing that he expected block J to have at least 10 million ct numbers... That number never came from the Corporation, but from LOPARM a Swede ... and from that moment forward that became the expectation for a lot of investors...
Never mined that when the Company did actually published its first 43-101 potential between 600,000 ct and 1,6 millions ct in 2007 he announced to all that he had already sold anyway and moved on. I actually believe that he then stated that he would be waiting until further work was done on the concession, and that is decision to sale resulted in a big drop in the value of the company and this even if nothing in the fundamental value of the Company change..
The we all found ourselves waiting for the arrival of the vessel to do the sampling and during that time frame the talk went more toward the existence or not of the vessel, the delays being or not the fault of the vessel or AFA management...
Then the vessel left, and one thing became very clear from the results, nobody had a clue what consist good results for marine mining exploration... and so people sold, and because other were selling, more decided to sell, and that created a momentum effect in a bad market...
To make maters worse, that Canadian Banks. always looking for new ways to screw use invented Alphatrading, and this created a new market were the shares are traded (there a 4 markets now) and this distorted our market reality even more... (now I am no longer certain that I can blame the swede for all the fluctuation, because we now have a lot of different traders playing our stock for small variations, and some of these traders are actually paid by the exchange to create funny volume by doubling the trades between two exchanges).
Now for me it is a fact that the shares are undervalue, what is their correct value, I am not certain, but once the 43-101 is out by the end of August we will see... In the mean time, badswede, why dont you tell us what you believe the correct value of AFA should be and what do you suggest management does to make it so ? Because from what I reading from you, you should be drop the cake on your face because all the happen to you what self inflicted...