danny18 Jul 2009 19:11
just seen your post. never looked at AFD, after a quick glance im very interested. Will have a look tmrw in more detail. Im suspicious about the rise, possible leaked information or bid coming? its quite a quick price correction otherwise. Taken from the last RNS 'This plan envisages construction start up in 2009 with production by end 2010'. RNS before 'Plan calls for construction start-up April 2009 with diamond production early 2011' . though from march and december both imply 09 construction, being 3 months on from april perhaps construction has begun or is finally in motion to begin? For a market cap of £25m (after a 50%) rise, you have to wonder if there is a mining company out there who would like to get there hands on this 'world class' resource. Not got much time to research further tonight, shall do tmrw and post what i think. But an offer for the company of 44p would be double where it was not too long ago and still a bargain for someone. Looking forward to finding out more, thanks for the tip off. Incidently which uranium plays you got? I have PRL, EML and FTE with intentions to get KAH on the next dip should there be one! ATB OP
P.S De Beers do hold 5.8% of AFD already...