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Africa Energy Corp V.AFE

Alternate Symbol(s):  HPMCF

Africa Energy Corp. is a Canada-based oil and gas exploration company focused on South Africa. The Company owns approximately 49% of the common shares and 100% of the Class B shares in Main Street 1549 Proprietary Limited (Main Street 1549), which holds a 10% participating interest in the Exploration Rights for Block 11B/12B offshore the Republic of South Africa (Block 11B/12B). Block 11B/12B is located in the Outeniqua Basin approximately 175 kilometers (km) off the southern coast of South Africa. The block covers an area of 19,000 square kilometers (Km2) with water depths ranging from 200 meters in the north to 1,800 meters in the south.


TSXV:AFE - Post by User

Bullboard Posts
Post by longrider1964on Apr 04, 2012 12:38am
267 Views
Post# 19756638

Warrant excelleration

Warrant excelleration

I can almost guarantee that this will not happen without news from the well being huge or a duster in which case they are either a homerun or major disappointment. The stock has to trade for 30 consecutive trading days CONSECUTIVE which takes 6 calender weeks plus u lose two trading days for easter. Then 20 calender days to make up your mind. So that takes us to 9 weeks from the first day of $2 close which hasn't happened yet. And any day where its even close to $2 right at the end of the day and any warrant holder with big money shorts the stock only enough to close it at $1.99 and voila reset back to the start. Also annual end of April correction coming so those warrants in my opinion are either a 10-15-20 bagger or a 50% loss in the making and nothing else. Good luck to us all and hope they bring in an elephant!

Longrider

Bullboard Posts