Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Post by paulindoonon Apr 26, 2012 3:41pm
279 Views
Post# 19840558

Geophysical survey

Geophysical survey

It would seem reasonable that the upcoming geophysical survey, with it's results using IMDH's "SP Star" ship & reportedly starting:

"on or about April 28, 2012" and "which will require about 16 days" per https://www.afri-can.com/files/ssparagraph/1254081378/afa_pr_april_20_2012.pdf

will allow the next exploratory phase to be completed sometime this June. Then, there could be a rapid initiation of the next exploratory phase - which could all be completed by mid summer. I make that observation supported by couple of facts this time around:

1) IMDH is a now a substantial shareholder in AFA and thus it behoves them to ensure that AFA becomes a successful, profitable enterprise.

2) This time around the surveying and exploratory ships are available unlike the situation involving Block J where The Explorer was being retrofitted and took some 2 yeras(??) to complete.

3) Everyone involved must be quite anxious to prove out EPL3403 and thus substantuitate the exploratory results of the previous owners (IMDH) of 3403.

Does anyone really believe that IMDH would sink more money into 3403 if they did not already know the potential of that territory. How one answers that question should be quite indicative of one's stance on either the success of failure, of thgis little gem of a company.

I wonder how DeBeers feel about us being their immedeate neighbour??

<< Previous
Bullboard Posts
Next >>