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.

I agree goal, I'm afraid if I try to lock in some profit I'll get left behind!!

Minews Story
Date: November 25, 2004

African Eagle Has An Iron Oxide Copper Gold Deposit By The Tail At Eagle Eye And A Possible Gold Mine At Miyabi.

What with an extended rainy season, lack of drills and a queue a mile long at the assay lab it is not surprising that news from AIM listed African Eagle has been a bit sparse over the last few months. The share price suffered as impatient investors tried to make a fortune elsewhere, but they will probably now be wishing that they had stayed put as the company has released very encouraging news from both its Miyabi gold project in Tanzania and the Eagle Eye copper and gold project in Zambia. In the event the company wrong footed one or two commentators as the biggest expectations had been built up for Eagle Eye, but it is Miyabi which now shows every indication of becoming a mine. As a result African Eagle has swiftly made the flight from pure explorer to developer and the share price has been trying to catch up.

Safiende -this is the thread I meant. it seems to attract more comment. I hope the good news keeps on coming!

Some big buys just gone through

taking off again this week

28p seems to be the resistance line, would nice to see the resistance broken today. goal.

32p earlier. Well & truly broken

3 RNS announcements and the share price up from 14p to 28.75p in 7 trading days.

Hope you all stuck with these, just goes to show patience pays in the end.

Caledons another, but patience again will be required.

cheers GF.

Hi GF.. I certainly did stick with these & Caledons.. wish I could top up on the down but if the funds aren't there what can you do? Have a feeling the market is going to be down again today so patience as you say is the watch word.

Chris

http://www.minesite.com/storyFull.php?storySeq=224

Last para in particular

I feel I owe you a big thank you gf as it was you that brought AFE to my attention, I sold @ 29p & looking to buy back at some stage soon.I also hold Cdn.Regards goal.

No need to thank goal were all here to help each other out.

cheers GF.

Guys....I see RAB acquired a a further 5m shares in AFE yesterday which takes their holding to about 27 and a half %....(getting a little close to that 30% figure).
I would guess there will be further blue today

piston broke
In addition RAB have 10 Mio warrants exerciseable at 11p prior to Sep 2005

EXERCISES OF WARRANTS

AND

CHANGES TO SIGNIFICANT SHAREHOLDINGS



African Eagle Resources plc (Ticker: AFE) announces that the holders of 10,142,499 warrants have exercised at a price of 6p per share. These exercises bring the total number of shares in issue to 87,757,837.

Of these, 5,000,000 warrants formerly held by Mr B. Rowan were acquired and exercised by funds managed by RAB Capital, bringing the total number of the Companys shares held by RAB funds to 21,605,312 or 28.04% of the new total of shares in issue.

In addition, 2,765,000 warrants formerly held by Mr Rowan were acquired and exercised by funds managed by Paris-based Carmignac, bringing the total number of the Companys shares held by Carmingac funds to 8,500,000 or 9.69% of the new total of shares in issue.

The Company has made application for the new shares to be admitted to trading on AIM.







John Park
Chairman, African Eagle Resources plc



7 December 2004

SP moving up a little- anyone think there may be more good news coming or will we have to wait until next year?

Maybe people are coming back for the expected mid dec drill results?


http://www.uk-wire.com/cgi-bin/articles/200411290700317357F.html
"In line with the first objective, the Company is pleased to report that it has
begun reverse circulation drilling at its Igurubi gold project. An extensive
shear zone gold system along the granite-greenstone contact at Igurubi has been
worked by artisanal miners for many years and has yielded promising geochemical
results. The first drilling results are expected in mid-December."

nice 13% rice in the last couple of hours trading on no news could this be news on the way? has the jv leaked out?
Anyway Monday looking good.

greedybas
Now lost all of that gain & more.Can buy 100k at 23.25p on line