Canadian diamond company African-Can Marine Minerals Corporation to be with a new Sweden visit try and instil hope in the Swedish small savers who have seen the share price to fall sharply.

African-Can has previously been one of the most popular foreign stocks in Swedish investment portfolios, and the shares have been a popular topic of discussion in stockforums.

Now is a new business presentation nailed to the next week, Wednesday, June 18 at 17.30-19, in Hotel Hilton Slussen.

It will be like a "cocktail" with free drinks, promising to Jean-Francois Meilleur who is spokesperson for the African-Can at pr-halls Paradox in Montreal.

-- We'll try to organize something cozy and interesting for all who want to come and listen, "he says.

Are you going to Stockholm now again to try to "calm down investors' for further delays?
-- We have no delays now, but all goes according to plan. We just want to give an update of the situation because it is so very exciting things to come, "said Meilleur.

But African-Cans last visit March 11 took an end with fright. The share price rose before the meeting in hopes that it would be good news, but then it appeared that the entire project outside Namibia delayed why the share price later fell.

The impression was that the management of CEO Pierre Leveille in the forefront at that time only made themselves to come to Stockholm to "cast oil on the waves."

The latest, which is said is that the boat "DP Sampler" that African-Can will use to fish all diamonds from the seabed off Namibia, to be clear and departure from Singapore in late June to South Africa.

The boat has been refurbished, and during the presentation will for the first time pictures of the boat after the renovation will be shown.

A large hole has been made in the ship's bottom to stand down the equipment that will suck up the diamonds.

What remains is to assemble in special process that will sit in the boat and process the seabed and sort out the diamonds. The equipment will be installed when the boat comes to South Africa.

The timetable is, therefore, that the boat departs from Singapore at the end of June, arriving at Cape Town in South Africa in July. Since the end of July or early August, it will take some month until its installed.

From the beginning of september will thus be able to start the boat to fish for diamonds. From the end of september or early October, the African-Can be able to report how much the diamonds as the company's fields contain. The boat should, therefore, in a first stage, only taking samples to assess the extent of the deposit.

African-Cans share price was up over 40 Kanadacent in May last year, not least speculated up by the Swedish small investors. Since then, the share price after all the delays in the project, the valleys down to 11-12 Kanadacent.

-- We estimate that there are 4-10 one million carats diamonds in our deposit. According to our rule of thumb the share is worth 50 cent per million carats diamonds, "said Meilleur.

The assessment is based on African-Cans previous random samples, which showed that one-fifth of the deposit containing 1.8 million carats.

-- In the best scenario can therefore devote 1.8 million carats times five, "said Meilleur.

-- In the worst case, the deposit contains 0.8 million carats times five, that is 4 million carats, "he says.

Concerns have been raised among investors about a deal with the Italian shipping company IMDH providing boat DP Sampler for African-Can. IMDH been said, under certain conditions, the right to take over a large part of African-Cans property, if IMDH so wish.

Meilleur tone down the risk associated with it.

-- Sure, it may be that IMDH includes partnerships with African-Can on diamond mining, but it is absolutely not the case that IMDH all of a sudden just can take over, for example, half of the profits from diamond mining, "he says.

Meilleur recommends investors to come to the meeting, just to find out more details about IMDH Agreement.

-- We have all the money we need to pay IMDH under the contracts are for the agreed work. If IMDH then also want to be with, and extracting the diamonds they can IMDH have become shareholders in the deposit. But we are not there yet, "he says.

Meilleur see as the most important thing now that the boat will be ready in time and go off to Africa.

-- There has been a concern among investors over whether the timetable is, so it is the most important thing in the first step is to do it, "said Meilleur.

Thereafter, therefore, samples made, and the deposit amount assessed.

-- If it becomes that we hope that the samples show the enormous deposits, the African-Cans shares to be a good investment, "said Meilleur.

According to him, there are three options. Either that African-Can itself accounts for diamond mining, or that it is done in partnership with IMDH or that African-Can be bought.

-- There are the three options available then, and we estimate that a takeover would be the most positive, "said Meilleur.

He himself owns shares in African-Can.

-- Will a takeover bid be at 2 Kanadadollar, so the course will go up from the current level around 0,11-0,12 Kanadadollar to 2 Kanadadollar, then my years saved, "said Meilleur.

Diamond Fields is another player that extracts diamonds from Africa's seabed. The problem for Diamond Fields has been that the boat has a low capacity so that there are no volumes of diamonds to talk about that are extracted.

-- Our boat DP Sampler has a capacity to extract three times as large volumes Diamond Fields boat, "said Meilleur.

He will continue with a happy surprise.

-- IMDH also have another diamondboat ready to have a very high capacity.

Meilleur point to the Diamond Fields chose to build on an old boat from 1968 to diamond mining.

-- They made that choice though they had no expertise for it. Diamond Fields has made many mistakes.

Meilleur is aware that many investors are disappointed that African-Cans of information was inadequate, as CEO Pierre Leveille and Meilleur discussed and are designed to deal with.

In particular, it is about the major delays are not communicated so that investors have had the situation clearly for themselves.

-- But one thing you should know, and that is that African-Cans leadership has always been the company's best interests at heart. They chose to take the long road to get the best possible solution to the issue of vessels and equipment for diamond mining. It took five years before IMDH now have everything clear, and we are happy and proud.

CEO Pierre Leveille is an expert in diamond mining from the seabed, and chefsgeologen Dick Foster is an expert on diamantgeologi.

-- But they both knew that they were not shipexperts, so they hired experts from IMDH to deal with it, unlike the Diamond Fields who built his own boat which does not work, "said Meilleur.

He rejects any new negative surprises in the pipeline, such as African-Can would have to ask for a large capital injection from shareholders in the near future, for example, addressed to some investors, so that the former owners affected by the "dilution".

-- We will need capital at some time in the future, but not right now. We intend to upload it so that dilution should not be a problem, "said Meilleur.

-- We hope to show very good results from sampling of the deposit, then the share price likely to show higher levels, and professional investors learn like spending money in the African-Can again.

-- We are open for discussion with large investors who want to invest money, because we will need money for its activities, "said Meilleur.

African-Can, according to him to Stockholm also to visit the four investment banks and their analysts. Meilleur, however, not say which investment banks it is.

African-Can will also make a stopover in London and present the company there.

-- We have already agreed to make the company recently in Canada, and has met with lots of big brokerage houses in Toronto. At the end of June, we shall at Montreal, "said Meilleur.

End