Ive always said I would not start looking at the Gold Explorers untill POG broke through $420, well its done that today and this company in my mind is the best potential producer around, and heres why.

MANAGEMENT

Has two experinced Managers in mining in Mark Parker and John Park, both have extensive exploration management in Africa in mining and have proved themselfs in the past selling out small mines to the big boys.

THE MINES

ZAMBIA.

Here the company as 5 potential Block busters but the REAL GEM of the company Sasere, known as EAGLE EYE is an old Gold mine but recent sampling shows that it could provide massive deposits of Copper and Gold.

These are the drilling results we are waiting for. Estimations are fantastic and we could see that the company is sitting on deposits worth many times over of the market cap of the company of circa 12.2 million.

MOZAMBIQUE

Three sites here and Nickel is the one they are looking for. Dont forget Nickel is the highest commodity riser after Gold and is hitting new highs.


TANZANIA

Big prospect here is Miyabi.

African Eagle are carrying out a joint venture with the giant Miner Gold Fields. Drilling results are to be given to Goldfields by 31/January this year.

If results are expected what the management of Goldfields want, African Eagle retain a 30% stake in one massive deposit.

This is an exciting investment but one that is HIGH RISK like any other gold explorer.

We should have news very early on two fronts.

If this news is positive we are looking at one hell of an investment.

Please Dyor and remember your buying and selling actions are in your own hands.

Cheers GF.

ps, up 19% today waiting for the results.

GF: don't be tight! how do u know there are news next week? how good are they?

Check your PMs xmortal, sent it through this afternoon.

cheers GF.

How do you switch on message facility? Good news on drilling results expected next week-fingers crossed!

moneyplus,

To switch on the message facility on MoneyAM just click on the user settings button towards the top right of this screen and you will be able to do it from there.

Ian

Morning GF.

Delighted to see the big rise in AFE.

How do I find out the news mentioned above? I have just entered my details as described by Ian in the user settings. What do I do next?

Cheers

B2B

Wait and check your mail I guess. Come on AFE!

Thank you Ian how do you view other profiles?

B2B and MP, messages on way.

cheers GF.

thanks GF... got the msg. I need to make a grant on this one!!!

Thanks again GF

Much appreciated and welcome.

Let's hope it continues to move north.

B2B

Nice close today; 16.39% up. Hopefully we get some mention this w/end. See below latest RSN.

Flying higher!!

Company African Eagle Resources PLC
TIDM AFE
Headline Stmnt re Share Price Movement
Released 15:35 03-Sep-04
Number 6087C

DRILLING UNDERWAY IN ZAMBIA AND TANZANIA

The Company has noted the recent press speculation regarding drill results from Zambia and Tanzania and the movement in its share price.

Drilling is currently underway in both countries, at the Eagle Eye copper and Sasare gold projects in Zambia and at the Miyabi gold project in Tanzania.

The turnaround by the independent assay laboratory used for the Zambian drill samples has been slow, but results are now coming in and the Company expects to be able to announce results from all its drilling projects over the coming days and weeks.

Mark Parker
Managing Director, African Eagle Resources plc

Contacts:
John Park (Chairman), African Eagle Tel. 00 61 7 5528 6750 Fax. 00 61 7 5528 6750

Mark Parker (MD), African Eagle Tel. 015 9067 9420 Fax. 020 7691 7745

John Robertson, Nabarro Wells Tel. 020 7710 7400 Fax. 020 7710 7401

Leesa Peters or Laurence Read, Conduit PR Tel. 078 1215 9885 Fax. 020 7936 9100

Matthew Robinson or Martin Potts Durlacher Tel 0207 459 3600

They are not saying anything to dampen enthusiasm--hope the rise keeps up next week!

any news on the paper today?i think T1ps knows something very good and have faith in the results. 'In the coming days' this statement alone will push the prices up. Last results mentioned that Eagle Eye drills identified copper was visible naked eye. Top fund managers with specialised mining researchers like RAB has a good stake in AFE in their fund special situations which has performed over 1000%. We also have JP Morgan and other good fund managers have a nice slice of the cake. There has been not share disposal by the funds even during the lapse on minins stocks - (No RSN stating this)

see this from an ADFNV post.

From 4 Dec 2003 statement
Significant shareholders:.....No of shares...%
RAB Capital managed funds.....19,600,000.....25.90
Orogen Holding (BVI) Ltd......6,903,703......9.12
JPMF Natural Resources fund...5,750,000......7.60
Carmignac managed funds.......4,500,000......5.95
Mr R B Rowan..................3,043,826......4.02
Directors:
John Park.....................3,508,467......4.64
Mark Parker...................2,256,087......2.98
Chris Davies..................266,667........0.35
Euan Worthington..............225,000........0.30
Geoffrey Cooper...............669,300........0.88

I have faith in afe which will delivered more that expected. GF what do u think??

Im withn you XM but please dont get too carried away.

cheers GF.

GF too carried away??? I dont know how to take your comments, even though you started this thread which means you really believe in this company. I am not ramping it, I have some good stake in AFE and am only stating how I see the situation. I am not buying anymore until I see some results. Keep good. XM

LOL

XM,was really meaning keep an eye on POG. It seems to have drifted down lower over the last couple of days even though the dollar as weakned.

cheers GF. PS by the way dunbarton squelched. Posts under the name of CrazyWomen on sharecrazy. Already been barred from this site once before.

Thanks GF. All 4 MMs supporting the price. This is a good sign. 17 - 18.25

Yup all buys by the looks of it but no movement yet.

cheers GF.

what is the buy/sells ratio so far? GF