HAVE PURCASED FEW AS THIS SHARE RECENTLY CAME OFF OFFEX IN JULY BUT NOT MOVED VERY FAR YET.

Company Profile

African Eagle Resources plc, formerly Twigg Minerals plc, explores for and develops gold and other mineral resources in eastern and southern Africa.

African Eagle's objective is to build asset value by using its strengths to explore for and develop mineral deposits.

The Group's board and management team has experience in exploration and mining, excellent local knowledge of the region, a high-tech approach to exploration and an up-to-date understanding of the geology and economics of mineral deposits. Members of the team have prior track records of taking an exploration company from startup to takeover by a major mining group, and of taking projects from grassroots through evaluation and feasibility into operation. The Group is a cost-effective, low-overhead explorer and to date has applied more than 80p of every 1 directly to exploration.


The Group's strategy is to identify and acquire promising licence areas, to evaluate their potential quickly and cost-effectively and to add value to resulting discoveries. The Board intends to realise the value of its discoveries through sales to, or joint ventures with, major mining companies. The Group is currently in partnership with Goldfields on its Miyabi project in Tanzania and with Avmin on its Lunga project in Zambia.

The mining industry continuously depletes its asset base: about 80 million ounces of gold are dug up each year, for example. Big mining companies must replenish their asset bases, but specialist exploration companies like African Eagle can find new deposits much more cost-effectively that the big companies can.

In July 2002, the Company acquired Katanga Resources Limited which brought five prospective projects in Zambia into the Group.

African Eagle's shares were admitted to trading on the London AIM market in June 2003, having previously been traded on OFEX since 2000.


Source : http://www.africaneagle.co.uk/company.html

Hello. Company Code (AFE) The company is due to release the mineralisation results from its Eagle Eye project this month. On top of this they are accelerating other exploration targets.

There has been some encouraging buys. Just before xmas 2mio shares were purchased. Also today so far 130k shares purchase. Very good sign since most prospective small cos in the same sector have hardly had any significant buy volumes in the last month.

You can also see a very healthy moving average for 10 & 50 days coupled with the uptrend.

Investment houses such as JP Morgan Fleming have also increased their holdings. I have some shares (anticipation). Please take a look at the news section the the link below. Thanks

http://www.africaneagle.co.uk/news-75.html

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Im in on this one and hoping very soon for some significant news.

The share is being followed by T1ps.com where T Winnifrith as a Speculative Buy on it.

He feels if we get good news from its eagle eye project it could really take off. Fingers crossed.

cheers GF.

So far the share has gone thru the 'quite period' and it ready to take off (see the volumes and the moving averages moving upwards) The news will enhance the uptrend. Hold on. Thanks