This made me really LOL...
https://www.stockhouse.com/columnists/2011/august/24/playing-the-country-game--staking-resource-rich-na
It's true; great success – "we hit on our firsthole," says Mr. Smith about Magambazi (which I have seen) – has notshielded Canaco's investors from the slide in metals equities that began April1 of this year. The Canada-traded CAN shares were worth more than $1 billion inearly 2011.
> LOL, CAN WILL NEVER BE AT 1 BILLION EVER!!! WHAT A JOKE THAT WAS!$
Now, even with what looks like a potent Ethiopiaspinoff in the trading wings of the Toronto Stock Exchange, Canaco's shares areworth less than half that billion-plus today. Fortunate for Vancouver-basedCanaco that Mr. Smith and his board secured equity financing in a"bought" transaction that grossed about $120 million Canadian for thecompany and $43 million for China shareholder SinoTech.
Canaco, and a handful of other Africa companies, have usedthat fortunate late-winter 2011 timing and the cash it brought to launch briskexploration programs. In the case of Canaco, the Handeni property ineastern Tanzania and Magambazi's one-kilometre-strike length are scheduled incoming months for one of the continent's largest drill workouts: 200,000 metresthrough June 2012.
>ALL YOU LONGS WISH THIS WILL MAKE A DIFFERENCE IT WON'T!
"That's at least seven rigs, maybe more, and a whole lotof food in the kitchen," says Mr. Smith.
>WHAT THE HECK THAT DOES THAT EVEN MEAN?
As for the crying game, well, I can tell you that asa shareholder in natural resources and in several West Africa and East Africacompanies, the months since April 1 have damaged my ducts. A lot of crying.Figuratively>SEEM LIKE IKE, TANZDEVIL AND ALL THE LONGS HAVE BEEN CRYING DAILY!
The country game's ductless side, as in no-tears, isprobably the fact that most of the companies with excellent drill assays andvast properties in West and East Africa are holding their "summersale" right now. In the stock market.
>HAHA, THE SALE IS EXTENDED!!! FOREVER!!!
I own Canaco, and I own looming spinoff Tigray Resources inEthiopia. I was perhaps blessed to get most of my Canaco shares below the priceof $3 in July and August.
>LOL! OPPS, BOUGHT TOO SOON, YOU WEREN'T BLESSED AT ALL, UNDER 2.00 WOULD HAVE BEEN BETTER!
I own 35,600 shares of Canaco, at last count. Anyone whothinks I will sell any of these shares of "Africa Ltd." before aboatload more drill assays are published, and a few feasibility reports … andcompliant resource statements, well, they can have their tear ducts examined.
>LOL, KEEP ON CRYING!