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Bullboard - Stock Discussion Forum Afri-Can Marine Minerals Corporation V.AFA

TSXV:AFA - Post Discussion

Afri-Can Marine Minerals Corporation > Value 12 cents/share
View:
Post by LeGagneur on Aug 18, 2011 5:32am

Value 12 cents/share

At the latest investor meeting in Stockholm before summer this is what CEO Mr Leveille stated:

"AFA intends to exersise its option to own 15% of Haib and thus then will be distributed to the existing shareholders of AFA . This will be done by listing a new company (and giving existing AFA share holders shares of that company) on the exchange (probably TSX).
 
Tecks analysis ofHaib (considering presents knowledge of grades/resource) indicates AFAs share would be valued at 12 cent/ share fully diluted."
Comment by LeGagneur on Aug 18, 2011 7:06am
Then it was also stated at this very same meeting the intention was to get this new company listed on an exchange sometimes in September/October this year.So let's hope this is all done then sooner rather than later..
Comment by cwg04 on Aug 18, 2011 8:56am
that's  great  news !all we need is the detail of the next program and i'm gonna be a very man !cwg