RE: RE: RE: RE: RE: last time theDear FKloster,
I am certain that you are not alone in holding that view that you are somehow being cheated by management, but I am not certain that that views hold up to a serious review.
Just your comment about "..giving themselves so much money and options.." Demonstrate that you have not look at the fact, because if you had you would have notice that AFA management options are priced between $ 0.25 and
.20, and this even if when the options were issued, the shares traded closer to
.10 to
.15... So the fact to not seem to support at least half of your statement..
As per the other half, please look at comparable and you will notice that they within the standards of the industry.
Other point of interest, you agree with my point about the drop in value being related to the diamonds size and yet once again you need to find a way to blame management and this even if the fact do not support your comments about the disclosure:
Let just look at your argument about the timing of the issuance of the results, it just does not hold water.
This is the press release sequence that can be found on AFA web site:
- May 26th: PR on the start of the program
- May 13Th: PR on the first perliminary result on the number of diamonds and average size found at that stage
- May 26th: end of the program.
- June 10th: PR on the complete results on the number of diamonds and average size found during the program.
Looking at the chart of AFA, we can see clearly that from early May to June 10th , the market went down to $ 0.07. So, the market had already reacted to small diamonds size and was already anticipating a smaller diamond resource then expected.
The fact that the 43-101 was issued on October 25th is irrelevant though because a 43-101 is only a compilation of geology with a resource estimation that the market had already anticipated.
By the way, any experienced resource investor will tell you that a 43 101 report of the nature of the one made by AFA generally takes between 3 to 6 months.
So you see, FKloster, you and many other investors have now such a negative bias against the stock and this blind you to see the potential that is being develop.
And it is that wall of negativism that you keep repeating that the stock need to past before we will all get rewarded...
So, your assumption that management has been slow to issue results is not holding water. I have never seen a company issuing results within 15 days after the completion of a program.
I think you are just frustrated by your own uncapacity to sell shares at the right time and this blurs your analysis of your investment.