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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
Comment by StupidInvestoron Nov 12, 2012 5:32pm
303 Views
Post# 20590386

RE: RE: Sprott Decrease Shares, Increase Warrants

RE: RE: Sprott Decrease Shares, Increase Warrants

I agree. I've over the years learned not to play and trade active Lundin-companies at these levels. I simply accumulate because they make significant gains over typically a 12-month period. It's all about getting in at the right time, and I feel very comfortable purchasing now. Whether it's 25 cents or 40 cents doesn't mean much to me on a 12-month plan, although it's nicer to get the shares at 25 cents. I think the people that believe the next drilling is the only thing on the horizon are making a mistake. I'm fine with being patient and making triple-digit returns in 2013 -- I'm not very interested in stressing myself with swing-trades and risk sitting on the sidelines when news hits the wire.

Bullboard Posts