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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by kegastonon May 07, 2002 9:53pm
32 Views
Post# 5088822

RE: Re: News

RE: Re: NewsImpatienteOne, Just for your information, DFI did mot make any of deal like this, but did you know that DFI had to relinquish 3 of its concession back to the governement of Namibia because they had not done any work on these concession for some time? Funny thing that DFI deceided not to issue a press release on this, don't you think? Namibia, like a lot of counties in the world does have a use it or lose it aspect to it's mineral law, and this is done to make certain that Company that have large land postion do not just get land position to stop the entrie of others. In Namibia, even DeBeers is being force to relinqusih land to the benefice of other parties. Just base on this factor alone, I am excited by this deal, it looks like AFA just purchase very cheap an insurance policy to help it develop its concessions. Now, if you read the press release, even you should be able to understand that AFA has now been given a longer time to develop all it concssion without the fear of having to loose any of its concessions. If I remenber correctly that was one of your fears before, not? I guess you will never be happy, when the report is produce, you say that there was nothing new, amd that everything had already divuldge on the February 7th, PR, but before the final report was submitted you critized the time it took to prepare the report. Now you are afraid that AFA will not be able to develop all its concessions and when they resolve this issue, you critize the concept without knowing the facts. Do you have any experience investing in Africa? Do you understand the local sensitivities related to foreign companies coming to exploit their Natural resources? If you did you would understand that AFA is now creating a new model of sustainable developemt that can only benefit its shareholders in the future. Keg.
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