african minerals appears to be upping its stake - possible takeover / offer?

i know Number2 Son reckons this is a cracker, and though i have no idea from where he gets his feedback (not here), he has been correct so far ...... i am older, and therefore much more nervous (cynical!) of this type of stock, so i tend to trade it ..... less profits for sure when all is rosy, but not so scary if all suddenly goes wrong

you haven`t sold again have you cynic?

no, i still hold

Imho I think 30p short term no problem with news. then once we break that, 50p on the cards. So much potential here. Poss 1bt resource futher down the line, could see 1.00.. Worth holding for sure. 8-)

ready for take off!!!!!

another good call by Number2 Son!

Mr Ben James, Baobab's Managing Director, said: "Once again South Zone is delivering beyond our expectations. Drilling has delineated broad, coherent packages of mineralisation that respond well under our routine Davis Tube Recovery (DTR) analysis to generate a c.60% Fe concentrate at good rates of mass recovery.

"The 2011 drilling programme is gaining momentum and we expect to start seeing the next round of analytical results coming through shortly. The airborne geophysical contractors have commenced a high resolution survey of the Tenge/Ruoni area that should be wrapped up early next week. The Monte Muande Exploration Target is also on track for an announcement in the coming two to three weeks."

Great start to march....BAO on the march....

Gr8t set of drill results. I think my 30p may go today. Whoopee! 8-) And loads more to come.

bought a few more at 28 - arguably a bit brave

market not that excited.......what the heck have they got to do!!

Balerboy, We get rid of the sell on news brigade, then build through the day. imvho

Number2 not selling - he's very happy having been in since 10.5

Invested 10 grand myself at just over 10p. Not selling any til at least 50p. Then i will probally reassess then.

Didn`t see 30p today, But its coming. Especially with all the news to come. 8-)

Yep, it all looks good! same old story with me.. wished I'd bought more when I got in @10.5p..still can't greedy...1 SP will do me!

what is it with you chumps that you can never envisage that a share can equally fall, especially such amoeba stocks as this (and EOG etc)? ..... when it's rising, you all chortle like crazy, and then wring your hands about all the profit that has gone down the drain when things change

Cynic, We know shares don`t go up in straight lines, and there will be some fall backs at some stage. But this is defo in a up trend. Look at bem fell from 34 to 22ish before rising to 60 odd pence. And this company has potentially more resource than bem. When i invested here last year I knew it was a long term play which always come with rises and falls, But you can`t knock people for getting a little excited when they do rise. Imvho 2011 is going to be the making of this company, and as skyhigh says about 1.00 sp. This is defo a possibility. Hold on and enjoy the ride.gl 8-)

being madly in lust is no good reason to get married .... ditto with shares

Smile Cynic your in profit on your 28p purchase. 8-)

no kidding, and from before that too ..... however, in these very dangerous markets don't insist on staying married! ..... have told Number2 the same, though he may not listen