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.

What do you think to todays RNS?

Up 1.25 today but still no sign of why?

Roly .mon ami -Amities / Yet another tick up today Roly from annual nadir ... Also do yourself a favour will you my good friend ! ? Buy level 2..lf but for no other reason than to secure correct calls on certain trades ,,,,.For example --The last nine trades in AFE are marked as "sells" under "freebie" Money am streaming trades ..YET they are buys below the mid!!......l cant believe how many people trade when they havent got this tool ,,,Nice to see a few traders entering the fray though.....3 times mms have taken it down to 9.25; but each time it finds a barrage of support at this level ........This stock is the most attractive underpriced, OVERSOLD mining stock i have come across in a long time; and unlike so many other miners has over 50% I/S , Directors and senior management all have have a massive shedfull ..,.They have j/vs with Phelps Dodge { now the third biggest miner in the world farming into AFE s eagle eye concession, and financially carrying the project from from airbourne magnetics imaging and seismic 3D right up to a bankable feasibility programme. Central Asia gold another successful miner is another "farming in partner " and what with the Eagle eye programme they have a 520,000 oz resource of JORC compliance which can be extracted by the crude but simle leaching process. Prior to this past year l have avoided AFE due to one bear point ->.The the only bear point was getting the finest copper in Africa physically out of the continest; and now even this problem has dissipated.. or certainly seems to have been addressed ,as you interestingly pointed out, by the Chinese whose investment in Tanzania / Zambia has made possibble a massive road and bridge buiding programme. it would seem AFE eagles last big tangible problem reg transportation and SAFETY of movement of assets { gold, diamonds ect ect has been solved for them by of all people-- the Chinese ...,,,,,,,,,,,,,,,,,,,,,,,,,,,,,A fantastic oppertunity at this s/p ....But as always DYOR ....bien bien aficalment...@+ J.

Also that corridor of land in the N>W of Zambia newly acquired acreage by AFE borders with DRC which due to civil war has been VIRTUALLY UNTOUCHED for years ; AND ESPECIALLY by modern mining technique ......ln 1926 a French geologist using very basic apperatus was reguarly finding in relatively small sample grades of up to 60/70 g/t which is truly staggering......@+ ....{ for the record l have a smallish position of 500.000 bought in a few tranches at a median of 9.9 ..... .

Hi FrenchConnection it is good to have someone else on the site. I just bought some more yesterday at 9.95 so was one of the below the radar. Not quite the 1/2 million mark though.

B/ matins Laurie ! Nice to hear from you . HEY Roly !! yet another tick up today .....Whatever next ? Looks like an abundance of copper, nickel gold and Molys hence interest from Phelps and Central Asia gold and a couple of other hefty mining outfits . However very recently< today > it has come to light that the new kid on the block -URANIUM - has been found in copious amounts by Albidon who are mining geo-physical acreage very similar to AFR in both Tanzania and Zambia , and within spitting distance from certain of AFR s various sites ...What with yet another potential lucrative string to their bow coupled with the recent surge in both Uranium ,copper and gold prices AFE are trading at a massive discount to their peers in smallcap miners lndex .ln fact trading at the bottom of 180 day average.. Little wonder that its decline has been abated what with all the recent indirect good news . ..........and in 3 days it has marked up from 9.25 / 10.00 to 10.25 to 11 .......Personally; As with GFM ,CEY and KMR l expect a consistent and considerable mark up over the next couple of months ...................B/ Chance ...Bien aficalment mes amis .....faire attention ,,,@+ J,,

'J ' KMR are looking for Uranium.

African Eagle

Key Data
EPIC AFE
Share price 10.125p
Spread 9.75p - 10.5p
NMS 15,000
Market cap. 14.8 million pounds
12 month range 9p - 22.25p
Market AIM
Website www.africaneagle.co.uk
Sector Mining
Contact MD Mark Parker
020 7248 6059

African Eagle shares have failed to advance over the last month despite the publication of an upbeat progress report on 31st January 2007. The company continues its strategic emphasis towards taking its most advanced and significant projects into production as quickly as possible. To this end, it has set out to bring suitably qualified partners into joint venture or farm-in deals. Two of African Eagles projects hold mineral resources determined to JORC standard. The company will fast-track these advanced projects towards production, especially the Mkushi Copper Mines in Zambia, to provide a revenue stream to create further upside for shareholders through future exploration.

The ongoing drill programme continues to confirm the substantial width and grade of the deposit and is on track to increase the JORC-compliant copper resource at Mkushi Copper Mines in Zambia. The latest drill results include 82.7m at 1.7% copper and 66.1m at 1.0% copper. Joint venture partner CGA Mining Ltd has completed 3,930m of reverse circulation drilling and 1,954m of diamond drilling since taking over operations in the core area in July 2006. It has submitted 2,716 drill samples for assay, of which about half of the results have been reported and another 25% are expected shortly. CGA has also commissioned an environmental baseline study, currently underway, and metallurgical testing which has confirmed copper recoveries in excess of 95%.

The company has been in discussions with a number of potential joint venture partners with a view to taking the Miyabi project in Tanzania forward rapidly towards feasibility study as quickly as possible. To date African Eagle has drilled only part of the system, but it has been able to define a JORC resource of 520,000 ounces gold.
African Eagle is also keen in bringing in a partner on the Eagle eye project, and negotiations are well underway with several interested parties. Having completed the westward extension of a soil geochemical survey and geological mapping last year, these have identified an area of potassic hydrothermal alteration with associated haematite, which may indicate the potential for copper mineralisation in the granite.

The company is upbeat about the latest results from its Ndola project in Zambia, which lies adjacent to the border with the Demographic Republic of Congo (DRC). It has largely completed its basic surveys over this highly prospective licence and a drill rig is currently being mobilised on the site to commence drilling on a priority target - this work is being funded by Phelps Dodge Mining Zambia Ltd (PDMZ) under an option agreement and the subscription of USD$ 2.27m for African Eagle shares. Regulatory hurdles in Zambia have now been surmounted and it is expected the first $1.27 M subscription tranche to be completed shortly. African Eagle holds several additional early stage project areas in Tanzania, Zambia and Mozambique and is seeking partners to work with towards evaluation and further development of these project areas. Two of these projects, Dutwa the gold and platinum prospect and Lunga the gold and copper prospect in Tanzania and Zambia respectively have recently delivered particularly promising results.

We believe that, at 10.125p, African Eagles current market value fails to discount by a significant margin the potential of either Miyabi or Mkushi, the two prospects with JORC compliant resources let alone other assets within African Eagles portfolio of gold and copper plays. We continue to work on a major report on this company but do not expect that our current 50p valuation will be reduced and expect that a favourable newsflow from drilling on a number of properties will prompt a significant re-rating over the coming months.

Our forecasts and recommendation on this stock are suspended pending the publication of a detailed report shortly.

200,000 at 10.45p lets hope this gets a tic up to make Phelps Dodge have to raise the sp further.

l see J.P. Morgan Chase have increased thier holding in AFE from 10.8 million shares to 14.4 million shares as of the 16th of Feb. ,,,,am rather hoping for more than a few ticks as mms execute this order over the forecoming few days; and in doing so encourage the army of PI s to get in on a well run foccussed stock at bargain basement level price which is almost 60% owned by a bevy of institutions accompanied by heavy board representation and what with a JORC compliant resource measured independantly @ 520 mn/tr/ozs au covering current s/p many times over .. And what with recent news that China is spending billions on Tanzania and Zambias geo-physical infrastructure { as in roads and bridges } my last lingering doubt has has removed reg. this company. lrony being : they will probably try and buy us out wholesale unless Phelps & Dodge, who themselves, have in all but name been recently taken over themselves, make a move. DO NOT forget both Zambia and Tanzania are well known as producers as the finest purest copper in the world. And thats a fact ! ; The only problem was getting the stuff to port and out of Africa ..Furthermore ,and at last , inflationary currency problems are finally abating . ... l am loathe at the best of times to make valuations on stocks in themselves , but am even more loathe to correlate price with timescale . . lts the timescale i abhor in making the right call. But if you have 6 Months to a year to hibernate i think we will see in excess of 36p at bare minimum and as much as 60p based on CURRENT informations available. ..lf Phelps or Central Asia Gold are convinced by our case and stump up the $50 million mentioned in previous RNS or initially even buy in two tranches 5 million quids worth of stock to farm in ( as mentioned in same RNS we could be the proverbial acorn - For from tiny acorns do great oaks grow ...Hope springs eternal huh ? But when you have done as much research into AFE s trading patterns as i have its a question of "when " as opposed to "lf" ,,,,,....................................................................................................... *Nice scholarly summation on AFE , Roly. Your research is not wasted. .As i write the "bid" has at last breached 10.25 p with "offer @ 10.75. Charts suggest a breakout at this level as does the candlestick formation . . .As for KMR i bought these a good while ago @18p based on their African molydenum deposit and other related heavy sands. Also on the back of titanium and rhumite deposits ect ect .....Add a "successful " uranium licence to thier portfolio: and both a re/rating and hefty premium to current s/p will promptly follow. Ditto with AFE . But in the long term this has a lot more upside; as i believe much of KMR enterprises are already factored into s/p. Whereas with AFE i believe we have got in right at the bottom...Bonne chance a vous .....et al .. Off topic; But have a peek @ CEY ,( gold ) SUN and GGG.{ gold and copper }..@+ J ..............................and the crown jewel - LUP , of course which has risen from 15p to 20p this past 2 weeks ....

RNS out .PHELPS/DODGE and AFE j/v approved by ministry for mines,, and more importantly for AFE is they will be in receipts of monies paid by PHELPS taking an initial tranche of $1 mn stg in AFE shares @+ J,,and a furthur $1m in 12 months ,,,Things are happening here ......blue sky day ...@+

Looking good but mm's holding at .25 but may break 11p today.

..massive hike in volume surely merited more than a single tick northwards ,,,But when you scrutinize the spread it has moved from fridays close of 9.5 / 11pps to a 10,50 /11p spread of today ..Sounds better put that way does it not ? ..a'bientot ..J ...

Yes 12p actually looks possible from here but we shall see.

Can anyone confirm that AFE have no mines in South Africa?

Many thanks,

Madison

AFE have no mines at all. Also are loss-making so don't pay tax

Two new names pop up to say we have a loss-making company with no mines, on the day the share price goes up on very good news , is that the best you can do ?

Was merely answering Madison's query

Thanks hushpuppy.

(Hurried and lazy this AM, by mines I meant exploration sites and ex-mines! Now had time to go through the company's website in detail.)

Cheers, Madison

lf they had no exploration sites why would Phelps Dodge enter a j/v with the former ? which could lead to a $50mn injection of capital . To my way of thinking AFE have some of the finest copper/ gold exploration acreage in Africa . But in answering the original question AFE have no mines in South Africa but rather Tanzania and Zambia. ..@+ J

Not a lot of sense here RIFT is on it's way and yet AFE has stalled. I hold both but thought AFE was going to go first.