RE:RE:RE:African Gold Group On Path To Production After Win-Win Deal Treetroll says "As you pointed out, Hum has not even completed its initial due diligence on the project. Then if they decide to go ahead with a new DFS, nobody can say now that it will be better than the previous one, or that an investment decision will be made. It seems to me that AGG represents a small side bet for Hum, which they can pull out of and write off if it is not looking promising." Treetroll said the same thing when F&M got involved and insuated that F&M had more interest in their new BF propoerty then Kobada.
Treetroll, as usual, is Mr. Negative with his perspective and he thinks he's smarter then the folks at F&M and HUM without having done any DD at the Kobada site or of the Kobada database. For that matter Treetroll is smarter then all these guys despite the fact he doesn't even have a geological or mining background. Actually Treetroll thinks he's smarter then pretty much everybody out there on any topic.
Now here's another more simple perspective. HUM is so high on Kobada that they have already committed to a binding few million dollar investment at a 50% premium to AGG's current SP. F&M did as well.
The bottomline here is this:
- F&M and HUM have access to far more data on Kobada then Treetroll
- F&M and HUM both have bought into AGG to the tune of approx. $10MM+ CAD at 9 cents
From my perspective and in my opinion I don't think F&M and HUM would have put that much coin into AGG unless they saw a multi-bagger return potential from 9 cents. If they get that multi-bagger return they will have created value for ALL AGG shareholders. I've always opined Kobada is a multi-million oz ore body. Looks like F&M and HUM agree with me and not Treetroll. GLTA