Peter Grandich
AfriOre Limited
AFO-T
COMMENT
Nov 27, 2006
Recently received an $8.75 cash offer from Lundin Mining. Would take the offer or sell for a few cents less. This is the 2nd home run for Warren Newfield, so watch what he does next.
This is a person play. The man running this company had a concept that there was a whole area in the platinum group metals that could be for a potential discovery. They hit it and the stock ran up and is now consolidating. They continue to have more and more drill results. When a company goes from 1 drill to 4, they are on to something.
(A Top Pick July 11/05. Down 12%.) Still likes. The drilling on a new discovery in South Africa is going so great that they've added drills. Not well followed.