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[aim2high]

I've been watching AFE for a while and in the past few days they've jumped up on the news of gold reserves.

This is in addition to their Dutwa nickel mine for which they are looking for a partner for having proved its worth (about $2bn).

Now, I've been in and out of this share and taken small losses having got frustrated at it's lack of performance. I'm currently out.

It reads very well and nickel has taken a beating in the past year. It's potentially a 40p stock.

I'd appreciate thoughts from some of the mining experts.

[VicVan]

Risen only 20% on the news
Nice stock but really one you have to lock up long and batter the drifts downwards. Im not in this and missed the rise

Now China goldfields, on the partnership deal went from 2 to 3.5 YET the drilling results are due out, maybe today, maybe next month. But good to get on this now its dropped back to the 3s and hold it. I get live RNS feeds from them so know the data

With this one - its either hold LONG, as we missed the boat on the results. Multiple little mining stocks that will get big drilling results soon that only have one way to go

I suggest lock it up and forget about it vs trading it short term. But the news is good and the stock looks all set

(This is without looking too much into it and based on data i knew a while back so not 'golden')

[slarty]

I've been looking at this one and decided to buy this morning, at 4.19p.

The 20% rise is not much and presumably only on the news of the gold at Igurubi in Tansania.
Isn't it a good idea to get into this one so when they do find a partner, you're in already?
Personally, I think once the news comes out, us small timers are the last to know, and you've missed half of the rise!
Slarty

[aim2high]

I was looking at AFE again this morning thinking that I was glad I switched and got out of it only to see it rise almost 25% today!

Typical. Notice of AGM went out to shareholders but don't think there is any other news than that.

[fadzashah]

I bought in at 3.5 and for the last 2 months its stabilised between 3-4, but now its suddenly shot up to 6.5 for no reason (which i know of). definitely this stock has the potential to give huge returns, possible it could go up to 50p with the right partner. still no news out for the public at the moment.

Anyone else in this stock have any ideas on this mysterious hike? is there a partner coming in that we dont know about?

ps. this is my first post here and i absolutely love the advice on this website

[aim2high]

This had another great day yesterday. I think there was good news on the Dutwa project.

Everything is great with hindsight but this was moving too slow for me initially. Might be worth a bit more research and another investment.

[skippy176]

I believe that a scoping study completed by independent specialists on the Dutwa project is about to be announced at some point in June. Which is why there has been a flurry of activity on AFE. As the AGM is today, some believe that an announcement is imminent to co-incide with it (although what evidence for this, I have no idea).

I hold a very small bit of AFE (just £500). A mate recommended it so I took a punt. I probably would have bought a bit more but, having been burnt this past week by both TRP and AST, my cash flow is looking a bit sick !!

Skip

[Poldermol]

See file attached.

[skippy176]

On another BB, someone phoned AFE and was told that a RNS about the scoping study on the Dutwa Project is due "very soon".

Peeps over there seem to think it will be next week, possibly early next week.