80 Million in working capital Copper/Cobalt Stock

Posted by John Kaiser - KaiserBottomFish.Com

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Ed Note: This stock recommended by Kaiser Bottom-Fish Online

Africo Resources Ltd. is a development stage company with a focus on the Democratic Republic of the Congo (DRC). Africo is pursuing the development of the high-grade Kalukundi copper cobalt deposit in the Katanga province in the southeast part of the DRC, near Kolwezi, where a feasiblity study was completed in 2006 and preparations were being made to begin construction prior to the onset of first, ownership/taxation disputes with the government and, second, the collapse in copper prices in 2008. In late 2009 Africo has working capital of $80 million, and is trading around cash value while it slowly advances at Kalukundi and suggests it may consider acquiring other assets with its cash.




Kaiser Bottom-Fish Online is a fee based research portal owned and operated by John Kaiser from his base in Moraga, a suburb in the San Francisco area of California. It specializes in high risk Canadian listed securities and seeks to provide investors with a framework for intelligent speculation. The resource sector is the primary focus for an investment approach developed by Mr. Kaiser which combines his “bottom-fishing strategy” with his “rational speculation model”. A full membership costs $800 annually or $250 quarterly. It provides access to online information resources, commentaries and recomendations.