RE:RE:RE:RE:Let see if Treetop and Fastff are on the callThanks for beating me to the punch, Treetop! Couldn't have said it better myself. While I certainly appreciate well-thought out response from you, Trekkie...you couldn't be further from the mark.
I do invest in juniors all the time, and the difference between F&M and others is that the game, if you will, is rigged against you, regardless of the outcome. I've lost money and made money on speculation, but I've never seen an outfit as bad as this one in the junior mining space. I knew exactly what I owned when I held their stocks, what I didn't know is that management owned the resources, not shareholders.
I'll give you two examples, Aberdeen International (run by Bharti, AAB ticker) made ~$40 million dollars on a property with Lithium-X when they sold it to a Chinese firm. This is for a company with a market cap at that time of call it $10-15 million. So you'd expect a massive gain for shareholders, right? Nope. Bharti promptly routed that money to management compensation, bonuses, and other companies in the family that quickly turned those "invesments" into further compensation, bonuses, etc. The stock is currently fighting to stay around the $3 million dollar market cap range. Pathetic.
Ditto for Sulliden (Bharti runs it, ticker is SMC) and the recently spun-out Troilus Gold (ticker TLG) property. The company realized almost ~$30 million dollars in profits at the top of 2018. Fast-forward two years later and the company is fighting to stay above $1 million in market cap! Over that same time period, management was handsomely rewarded, and shareholders got nothing. Same nonsense as what happened in Aberdeen. The real kicker here is that Sulliden was formed from the funds that shareholders should have received when Sulliden Gold was sold to Rio Alto years before. Meaning the cash used to start SMC belonged to shareholders to begin with!
Those are facts, not speculation. Treetop is spot-on regarding Hummingbird passing, which doesn't exactly scream confidence in the resource. There is always a possibility they'll find more economic bodies. Problem is even if they do, you won't benefit much...in fact, management will make sure of it.
Treetop2 wrote: Trekkie, your post is just a stream of psycho-babble. All you are really saying is that AGG will make you money because you believe it will. Yet you advise others to learn from mistakes! You are clearly not ready to learn the reality of AGG or the game that is being played on you.
You did state one key fact correctly: "Koboda is very well known in Mali". Of course it is well known by the serious mine-builders whose profession it is to evaluate properties objectively. There is more than enough information out there (without having to drill the same known ore body again to generate a news release) for the real mine-builders to cross AGG off their list of promising properties. Probably you have already forgotten that Hummingbird, who have already built one mine in Mali, did their detailed homework on AGG and said no thanks.
Good luck, because only exceptional good luck can make AGG into a money-making property.