Shares of African Minerals are currently being traded on OTC Pink although infrequently. The last trade there was Dec 3 when I bought 7100 shares at 0.0975 USD per. Hasn't been any offered below 0.185 USD since.
The Toronto Sun has just reported results of an new Ebola vaccine that cured monkeys of virus in lab tests. I am wondering if this stock has finally bottomed out and this is now the right time to lock in with a few more shares.
African Minerals is the largest employer in Sierra Leone and the biggest contributor to the county's GDP. And the Chineese did indeed kick in $1.5B for 25% (which values the other 75% $4.5B). So there are some significant stakeholders here with deep pockets and good reasons to make sure this venture succeeds. And the market cap right now is a small fraction of the $4.5B that the company is worth. In fact the existing pricing is not sustainable and a market correction is inevitable. The shares will move off of their "emotional value" and back to their "intrinsic value" in due course. And that will result in spectacular returns for those who are buying in right now.
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