I finally got the opportunity to listen to the Bronson Conrad interview which occurred on March 5. It can be heard at their website www.amcan.com. You need Real Player 5.0.
Paulo or Wats, have either of you heard this interview yet. It sounded like what I was saying earlier in the month with an extra bonus which was they were in discussions with a major public company for a joint venture on their Tejok property in which the other company would provide the necessary capital to increase the production in which Amcan will start by or around the end of April either way with their own new Custom built equipment per today's press release.
Hopefully UNITA (regonized opposition political party to the government) complies with all the Lukata Peace Plan initatives by the end of March which is the deadline for the Peace Plan to be fully completed (a one month extension from the February time table). To read about Angola news one or two days old, I recommend www.angola.org.
Answers to Sierra Leone could be revealed in April as to the stability of the country and when disarmment will begin throughout the country. The parlament was announced a few days ago and became official today. Heavy fighting in and around Koidu and Kalihun have heated up considerably since March 18. This will be the junta's last stand. Who knows, the government could promise security to major mining companies to entice them to get back as soon as possible to start mining and provide revenues to the country. The government is working with Britain to come up with a new mining policy since early March (if not way sooner). One can only dream that Pipe number 3 is awarded AmCan. It has been so long since that seemed a priority or thought, now it just might be a bonus.
As the stock still remains undervalued, no matter what the price is, whether .23 Canadian, .18 Canadian or .50 Canadian, if and when a joint venture is agreed upon with a Major Public Company, the stock will fly before firms start covering and recommending AmCan and then the big push happens. You never know, it might be wishful thinking, but I have seen it before and with their properties, it won't be just hype if it happens.
Anyways, I got off track. Before the end of April, shareholders should have a MUCH better idea where AmCan will be by the end of the year. I think how I have been in and following AmCan since May 1996 and all I can say is show me the money.
The diamond sector and mining investment community is just waiting for a junior to catch on fire.
One last thing, do not underestimate the significance of Clinton in Africa right now. We as investors are on the forefront of the last growth frontier left on this planet. Sierra Leone and Angola are LOADED with GEM quality diamonds.
Hope to hear from anyone following this thread. Looking forward to the next five weeks, especially if the Peace Plan in Angola is completed in the next 6 days. |
