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Afren & African Minerals – It just struck me

Tom Winnifrith
Wednesday 18 February 2015

Both of these stocks were Bulletin Board darlings and both will ultimately deliver either total or near total wipe-out for shareholders. It just struck me that they have other things in common. And the price action as death approaches is the most striking.

Both operate (pro tem) in Africa, African Minerals (AMI) was founded and is still chaired by a convicted heroin dealer (Frank Timis) while Afren’s CEO left in a hurry after a bit of a “brown envelope discovery”. So there is a similarity in crime.

Both companies

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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