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Stellar AfricaGold Inc V.SPX

Alternate Symbol(s):  STLXF

Stellar AfricaGold Inc. is a Canadian precious metal exploration company. The Company is focused on exploring for gold in the Kingdom of Morocco, and Cote d’Ivoire. The Company's projects include the Tichka Est Project and the Zuenoula Gold permit. The Tichka Est gold project, comprising seven permits aggregating 82 square kilometers, is accessible year-round by road via a national and regional road to the village of Analghi located near the mineralized gold zone. Its Zuenoula project is a 396 square kilometers (km2) license in the Marahoue Department in central Cote d’Ivoire, approximately 300 kilometers (km) north of Abidjan. The Zuenoula Exploration license application straddles the same NE/SW major structure that hosts the Abujar and Tietto mineral deposits. The project is located 100km north-west of the city of Yamoussoukro, the capital of Cote d’Ivoire.


TSXV:SPX - Post by User

Bullboard Posts
Comment by INVESTING2000on May 01, 2007 8:35am
262 Views
Post# 12701886

RE: YOU ARE CORRECT (MRBLUECHEER),

RE: YOU ARE CORRECT (MRBLUECHEER),Hoop, even a better number re: o/s shares. It does look like we are sitting between 44 - 49 million currently. If my French was better, I could tell you the number of options and warrants outstanding. It looks like there may be another +5 million warrants out there (before the Pathway PP). It would be nice if they issued their interm financials in English and French. It has been a frustrating company to follow. I agree, it looked / looks like a good play, but their communication skills are not very good and they bungled up the spin-off through the change in dividend and continued poor communication. I still figure it's a decent roll of the dice below $0.20 SP at this stage. The high $0.20s and above are going to require some strong news from their properties.
Bullboard Posts