I don't believe that the mentioned "African Gold Zimbabwe" is AFG, but the article does demonstrate rapid resurgence of E&P in Zimbabwe:

Mining Giants Plan Massive Diamond Prospecting

The Herald (Harare)

January 22, 2004
Posted to the web January 22, 2004

Harare

MINING giants, De Beers Zimbabwe Prospecting Limited and Circle Three Mining Corporation are proposing a massive diamond prospecting project that will see the two companies prospecting for the mineral in Gweru, Harare, Bulawayo and Kadoma mining districts.

The two mining companies intend to prospect for diamond in areas covering a total of 448 180 hectares.


Another company, African Gold Zimbabwe, has also undertaken to prospect for gold on two areas measuring 120 550 hectares within the Harare and Gweru mining districts.

De Beers Zimbabwe Prospecting Limited, Circle Three Mining Corporation and African Gold Zimbabwe have applied to the Mining Affairs Board for an exclusive prospecting order for 12 areas under the four mining districts.

In the latest issue of the Government gazette, the Mining Affairs Board said De Beers, Circle Three Mining and African Gold Zimbabwe intend to prospect for diamonds and gold over an area of approximately 568 730 hectares from the three areas.

"The applicants intend to prospect for diamond within the areas, which have been reserved against prospecting pending determination of this application.

"Prospecting authority is sought upon registered base mineral blocks within the reservation," read part of the notice.

One of the two diamond prospecting projects to be undertaken by Circle Three Mining measures 65 000 hectares and is bounded by a line commencing on the Zimbabwe-Zambia border approximating five kilometres.

All areas, which have been earmarked for prospecting are within the 15 000 hectares and 65 000 hectares range and are mostly in the traditional mineral bearing areas of the country.

The proposal to prospect for diamond in the country comes at a time when the US$41 million Murowa Diamond Mine has started to operate following the successful relocation of 141 families which were on the mining site.

Mining is one of the sectors which has been depressed over the last five years but some of the players in the industry have said investors should look at non-traditional minerals.

An example that is often given is that of platinum, which is fast becoming the world's most lucrative mineral.

The mining of diamond in Zimbabwe is also fast gaining pace and it is expected that some of the mining projects would create a lot of employment.

Relevant Links

Southern Africa
Mining
Zimbabwe

Delayed BUY for 177,000 shares at 13.5 pence reported.

Delayed 250,000 BUY reported at 13.25 pence.

Positive Candidate (Medium term) - Jan 30, 2004
Has risen 1980% since the bottom on 7 Apr 2003 at 0.63. Is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. RSI is, however, overbought. The stock can still rise further, and we should see a decreasing RSI before this is used as a negative signal. Positive volume balance strengthens the stock in the short term. The stock has support at p 1.26. High risk with an average difference between the lowest and the highest price of the month of 52%.

http://www.investtech.com/main/market.php?CompanyID=44102506&product=4

Positive Candidate (Short term) - Jan 30, 2004
Has risen 940% since the bottom on 30 Sep 2003 at 1.25. Is within a rising trend. Continued positive development within the trend channel is indicated. RSI is, however, overbought. The stock can still rise further, and we should see a decreasing RSI before this is used as a negative signal. Positive volume balance strengthens the stock in the short term. The stock has support at p 4.10. High risk with an average difference between the lowest and the highest price of the month of 52%.

http://www.investtech.com/main/market.php?CompanyID=44102506&product=4

Has been upgraded by Investtech from Neutral to Positive candidate.

Today's Leaders and Laggards:

African Gold carried on its recent good run, rising 9.6% to 14.25p. On 23 January, in response to speculation in the market including press comments, the company said shareholders should note that African is actively pursuing a number of new gold ventures in Africa. 'A detailed announcement will be made when due diligence is completed,' the company said.

Opportunity to add has presented itself with the current weakness in the price today.

Accumalated some more at 12.4 pence.

Initially bought in at 14.25 and topped up 2day 11.7. More news on the gold ventures in Africa to come. Good potential.

Do you think its going to go over 16p within this week or so!

It will deffinately hit 16p not sure about timescale. Still a lot of upper end buys going thru. my buy of 85044 just showed up now.

i bought 30 000 last friday when in was at 15p and at the end of the day in drop up to now! i'm still holding it cause if i sell it it might loss alot, i just hope it will not go down again. Btw i'm a newbie in this share thing, hehe :p

The news on othe 3 sites could come at anytime, so better to look at the medium term picture here. Has already done well in the last week, today's drop could mean the bottom for now. Do have a twitch that we could see more good news coming out by end of the week.

Best Wishes all & thanks for the contributions (gets a bit lonely, posting myself sometimes).

Sue.

Today's drop could have been caused to shake some out holders. During the afternoon session there was some good buying, a 250,000 buy was reported at 12 pence along with a 100,000 buy at 12 pence.

If the price has bottomed today then we should see the offer price marked up in the morning to 11.75 pence. That will give an indication as to if the price has bottomed. The normal spread is 1 pence hence...

Delayed 350,000 BUY reported at 12 pence. Someone buying in very heavily.

Good! Postive trend! i still dont understand what really influence the price of the shares, any advice! i have few shares i bought last few week and most of them have negative trend. Its just not my luck yet!

SueHelen

Seen the rants on the other site! Why don't you provide a profile of yourself to refute the suggestions made. After all, if the allegations are true I assume you could change your nicknames and throw people of the scent. All posts should be read with due dilegence and traders should take a sensible approach to investments. I'm sure many have made profits from your postings. However, profit/loss is all about timing. I for one have bought stocks, watched them rise, left the holding un-ckecked and returned to be disapointed at the falls incurred. Whether you are guilty of ramping or not, no invester has to take or follow your advice/suggestions. If you are happy with your conduct keep posting becasue I am sure many people enjoy your submissions. If others do not agree with your posts they can ignore them.

Thanks for your post vrodgers2. Those allegations are not true. I have honestly tried to provided up to date research on all of my stocks here. During which time, a big majority of my stock selections have risen and are still rising. I have tried to provide honest research and if other have bought when I have then I am sure they have reaped very big rewards in the last couple of months.

I think there is another person posting as my name on advfn who has behaved irratically and another who has taken my identity and is still posting. I just ignore everything.

Posting from AFG's web site: -

AFRICA
Four major properties have been identified and will be evaluated in the first quarter of 2004.

ZIMBABWE
The Inez property and surroundings are largely unexplored.
A 150,000 exploration programmed over 15 months is required to evaluate the potential of: the Dalmeny mine some 6km from Inez. The old Mahogany mine on the Inez claims. The recently discovered Green Reef on the Inez property. A 70,000 ton surface ore body grading 3.5g/t lies 12km from Inez called the Eve. The possibility of quarrying the ore, transporting it by truck to Inez and processing through the big mill is being evaluated. The project will be a 50/50 joint venture with the owner of the ore body.

GOLD/PRECIOUS STONE OPPORTUNITIES
Some 600 gold mines exist in Zimbabwe. Afgold has completed a detailed evaluation of gold prospects in the country. Potential exists in former mines, current undeveloped mines and joint ventures with producers.