RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:African Gold Group Intersects High-Grade Gold at Kobada Gold"Q3 Capital Raising Focus - I guess I missed the announcement about capital raising too." Really??? they raised a freakin $10 million in equity in August!!!!!!!!!!!!!!!!!!!!!!!!!!!
As for project finance, no doubt they are actively looking at options................you will not see a deal until it is ready to go (I dont think before Q2 2021). I do think we will see 1M oz reserve in Q1 2020...........................should take us back over 30 cents short term...................and then springboard to 50++++ once project fi is in place...........................
or not!!!!!!
Treetop2 wrote:
Wolf, you are going to remain a noob for a long time, because you are as naive as they come. AGG wishes they could find more like you, but it seems the last wave of naive suckers has moved on and has not been replaced. There is no such thing as being on track for 1M ounces until it's proven, except in the hype-hype land where you and AGG live.
It's hilarious how you quote whatever random statements you wish, as management statements are all over the map. The fact is, they have failed year after year to find their magic million ounces, not to mention to build a mine as they promised years ago.
Here are a few random quotes of my own from random AGG presentations on my hard drive:
September 2017, page 3: "Near term production"; "Shovel-ready" (yes they are always ready to shovel the smelly stuff)
January 2020 (that's this year!), page 10, "2020 guidance"
- Detailed engineering was supposed to finish in Q3 2020
- Construction of the mine was supposed to start in Q2 and be finishing around now
- Commissioning to start Q3 2020! (Did I miss that announcement somewhere?)
Augst 2020, page 6
- Q3 Capital Raising Focus - I guess I missed the announcement about capital raising too.
- Q3 Exploration Focus - Well it looks like we are back to square one, exporing for that fabled 1M ounces again.
- But have they somehow lost their focus on construction with all that busy stuff going on?
December 2020, page 6 (How come the cheerleaders are not cheering about this new presentation?)
- Next 12 months - resource upgrade & secure financing
Sigh of relief! No more panic to get into construction! Let's give ourselves another year to keep talking about resources and financing!
AGG management is very patient and flexible, so investors need to be too! Good luck!