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

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.

this seems to be a great company to follow,as is african diamonds,Sue do you think this will be worth a punt short term,or you think its a medium to long term investment.your comments are always been appreciated and i hope you will shed some light on this.by the looks of things in the past month it looks a star of a company.

Hi ateeq, thankyou very much for your appreciation.

The stock is very illiquid as you might have seen. The price has now risen quite a bit since I first got in, though news on 3 other sites is imminent now which should bolster the price significantly. It has the potential to be a star of 2004. However, it would good to look at these for the medium term for now. Daily drops like today's will occur as Market Makers try to balance their books and try to fill larger buy orders. For example, with today's drop in the afternoon, some very sizeable buys were filled. I would think the price would double from today's levels in the medium term. Long term this stock has even more potential. Good gains are to be had though in the short term.

From Investtech:

Positive Candidate (Medium term) - Feb 2, 2004
Has risen 1750% since the bottom on 7 Apr 2003 at 0.63. Is within a rising trend, which indicates a continued growth. 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. The volume balance is positive and 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 53%.

Positive Candidate (Short term) - Feb 2, 2004
Has risen 825% since the bottom on 30 Sep 2003 at 1.25. Has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. RSI is 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, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term. The stock has support at p 4.10. High risk.

Well i do not know SueHelen from Fred Blogs but find her post okay and this time last week she was posting very well informed correct info and the weeks prior to this led up to it nicely if anyone buys shares cos of a poster or two and does not dyor then that is down to them you only have to read a fair few post from posters who know what they are talking about to know what to do imhooc.

HT.

Thankyou for the info SUE.and keep up the good work you are doing,by the way not heard much about cwv lately,but overall all your comments have been excellent about that company too.let hope for better times ahead.

I confidence that this company wont dissapoint me this time!! I think i should buy some more of this company share. (",)

Price building base nicely today. Currently 11-12 pence.

Hi Sue!

How r u 2day? I've been watching the markets all day cause i have nothing to do. Can u tell me what does it indicate when the sell volume are higher than the buy volume but the price still maintain!

I'm a small time invetsor really, just in it to make some spare cash. Bought into these little baby's at 3.5p, was looking at them when they were 1.5p. Still in profit and believe strongly were going to see 18-25p in the next two weeks os so............... Good luck people

joe2506
for every seller there is a buyer. It is volume that is important

Their website is very good indeed. Well worth a look.

http://www.africangoldplc.com

Gold up on weaker dollar



Feb 04, 2004


Gold jumped back over $US400 an ounce on Tuesday, reacting to a sharp slide on the dollar, but remained rangebound ahead of the G7 meeting later this week.

The weaker dollar helped the gold price bounce back from fund selling on Monday, as did physical buying from consumers on dips. However, traders still saw a tight range for bullion.

"I think the range has narrowed in to $397-402. If we break above $402 convincingly it is going to have to plough a furrow through to $407 where I see solid resistance all the way up," said AZN's Peter Hillyard.

The euro stormed 1% higher against the greenback in early trading and the yen reached 105.28 against the dollar - its highest level since September 2000.

The dollar fell after a top US official fanned the view G7 ministers would offer the dollar little help at their meeting on Friday and also because ricin poison was found in US Senate mail.

Source: Reuters

EXPLORATION

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 programme over 15 months is required to evaluate the potential of:
the Dalmeny mine some 6km from Inez.
the old Mahogony 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 orebody.
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.

GOLD AND AFRICA


--------------------------------------------------------------------------------

After 20 years in the doldrums, gold is back in favour.
At prices above $ 400 an oz, many known gold properties become economic.
The supply demand balance for new gold suggests further price rises.
Africa is the centre of gold production. It holds many deposits and has the skills, expertise and knowledge to develop them.
Afgold is well positioned. Existing and new directors have a wealth of experience and contacts.
The merger of AngloGold with Ashante will likely result in certain properties becoming available. These are the first targets for the new Afgold.

From Investtech:

Positive Candidate (Short term) - Feb 3, 2004
Has risen 836% since the bottom on 30 Sep 2003 at 1.25. Has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. RSI is 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. The average difference between the highest and lowest price of the month is 53%. The risk is therefore high.

Positive Candidate (Medium term) - Feb 3, 2004
Has risen 1772% since the bottom on 7 Apr 2003 at 0.63. 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. The volume balance is positive and strengthens the stock in the short term. The stock has support at p 1.26. High risk.