re drilling expected soon - What next Read?The last news release, re drilling results (March 24th) was from a third party who spent about $500,000 to gather information. It wanted to confirm the grade and potential to exapnd the discovery at Kobada in Mali. AGG continued drilling on this property in order to expand the resource base to get a better price / JV from this third party. These results shoud be ready to announce any day now. This should provide the next price movement, hopefully UP! This third party didn't spend this money, get good results and then do nothing!
It is expect that AGG will continue reporting good results from Kobada and that the third party will make an offer to either buy the property for cash or offer a JV development.
Newmont is also actively exploring one of AGG's properties in Ghana. I don't know when more news is due out but it has been a while since any reports from Newmont. "The Mankranho concession lies on strike and contiguous with Newmont Mining 's largest development project in the world " (taken from the website).
I have been adding to my position the last couple of days expecting the drill results sometime soon.