We have noticed that quite often when the number of shares bought exceeds the number of shares sold the share price sometimes goes down ( and in some cases by quite an amount eg African Eagle AFE today..11/2) Yet some share prices increase when there are more sells than buys eg African Diamond AFD, African Gold AFG today etc. Can someone please explain why this is, as the number or buys and sells has in the past been key to our trading strategy. Is the information on Ample or Money AM concerning trades not accurate or are we missing something. Any answers / explanations would be really welcome.

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.

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