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Re: mylife4america post# 31334

Thursday, 05/26/2011 1:12:21 PM

Thursday, May 26, 2011 1:12:21 PM

Post# of 101798
Personally I am glad the price is staying low, have almost doubled my holding and plan on buying more as long as it stays low enough.

I think it is the rainy season (fall) in that part of Africa right now, which is probably having a negative effect on production (am guessing, haven't taken the time to refresh my memory).

Once the rainy season passes production should pick up and a secure location is established to actually break down tonnage into what's what (remember Africa is not the US or Europe in regards to security) we will get some positive news about % of gold/ree's and market value of each, etc. Which should send this stock north..... hopefully way north.

I haven't seen anything released from the company which would change my opinion since I first found this company. My only mistake so far is buying some shares when it was at .018 and .02, now I am having to average down to get it my average price low again. :)

Another buy should get me low enough where I am comfortable with my average price.

The only real concern I have at this point (actually 2) is the lack of reliable infurstructure (roads, refining fac., etc) and the potential for civil unrest that Africa is known for. As long as there is no civil unrest I believe not only will it be a profitable company but everyone that is holding shares now will be very profitable over the next 6-12 months.

Granted that is all my opinion and nothing more.

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