Member Info for Renegade

Yes, these are interesting times for the company. The options for further funding are crucial. As I have said on several occasions, the big question is how tolerant will the BoD be when we need to allow for dilution/a JV to get best value for share holders? The SP may have dropped significantly but the BoD and major II's are still holding. What little comfort this may bring to you I do not know but I am sure that the best deal will be signed to suit all parties. I continue the wait!

http://www.investegate.co.uk/african-eagle-resources-plc--afe-/one/african-eagle-resources-plc---nickel-and-pge-su---/20130404070522H0002/

http://www.investegate.co.uk/african-eagle-resources-plc--afe-/one/african-eagle-resources-plc---appointment-of-ne---/20130404070025H9953/

What we are now seeing/experiencing is the Trevor Moss influence. He brings with him the professionalism that the company previously lacked and one which the banks/a strategic partner will want to see. With his feet now firmly on the ground he is ironing out all the creases that the previously management did not address. Why? Is he preparing the company for for JV/TO? We shall soon see but I will leave it for those better qualified than me to decide. What I will say is that IMHO, yesterdays RNS was his first real marker in the ground. Probably designed to give a stability which has so far fell on deaf ears. Personally I see TM as a stickler for process and audit trails, a very positive sign in my view. Accordingly, until we have reached this stability (and output [(Nickel]), the SP is destined to fluctuate. On the down side my fear is that we may well get taken over before we see these. Either or, this is still a long term investment. Have faith in the BoD, big reputations are at stake here and they too are investors. This is not a share for the faint hearted or won't be in the near future. DYOR. R.

03 July 2012 David Newbold http://www.africaneagle.co.uk/news-article.asp?nid=1623585.xml&xml=http://cws.huginonline.com/A/139385/PR/201207/1623585.xml

To set up a data room which will allow interested parties to view available documentation (the books) is a good sign. In essence, the BoD must already have vetted those who are interested and have a high degree of confidence in working with one as a future Strategic Partner. Otherwise, why else would the BoD let anyone see AFE's treasures unless both parties intended to move forward? Finding a better suited "Strategic Partner" may just be a smoke screen that introduces a time lag for due diligence for those currently viewing the books. And, as i said last Friday, the big question is how tolerant will the BoD be when we need to allow for dilution/a JV to get best value for share holders? Have we just had the first warning shot for such an event.? We shall see.

Market cap £7.29m

Again, many thanks for your concern and warning. I'm just about there now but have set aside additional funds for all eventualities. There is no doubt that this is still a risky share. I have confidence in the actions of the BoD and often find them to be a true litmus test in any company. To date they stand firm and resolute. The big question is how tolerant will they be when we need to allow for dilution/a JV to get best value for share holders? Yes, the current SP is worrying but as I said yesterday, the company fundamentals have not changed one bit. The MM's are playing the SP nicely. The previous overhang must be very close to being fully absorbed now. The spread has dropped to 4% (something we have not seen recently - WHY?). Further test results are due at anytime. Full year results are due end of April early May. Averaging down (if funds are available) would seem to be a prudent action at this time.

Money is a problem but I do not think that we will have any problems finding additional funding. There are too many reputations at stake! An old interview but still worth another watch: http://www.youtube.com/watch?v=jc_tIx_qE4Y Listen to the interview at: 2.13 sec 2.53 sec 4.03 sec 6.38 sec

We are but I don't think that the BoD (Trevor Moss in particular) are that stupid.

Thanks for warning. I may well regret my decisions to buy more but IMHO the risk is well worth it. AFE basic fundamentals have not changed one bit!

Buys - 4,783,630 Sells - 579,271 Total - 5,362,901

8 x more buys than sells so far today.

MY SECOND BUY TODAY IS SHOWING AS SELLS.

BUYS ARE SHOWING AS SELLS. Mine has!

End of year book keeping. PI's offsetting their AFE losses against their other share gains. Have we have become a Sacrificial Lamb?

£9.54m. Bargain! Still haven't seen the BoD selling shares yet!!!!!!!!!!!!!!!!!!!! Erm! Fill your boots.

Full Year Results - Late March/Early April 2013 A time to join all the dots.

In the Corporate Presentation, Livingstone & Indaba Conferences 2013, AFE reported that they had £4.4M in cash (page 3). http://www.africaneagle.co.uk/userfiles/file/newsletter/Livingstone%20and%20Indaba%20Booklet_FINAL-2.pdf We could of course sell our interest in the Miyabi Gold Project or the 15 million shares that we aquired in Elephant Copper Ltd. Decisions, decisions.

Wouldn't be surprised to see a late reported trade on this one.