RE:RE:RE:RE:RE:RE:RE:RE:African Gold Group Intersects High-Grade Gold at Kobada Gold The problem is the dilution.
It you look at a market cap to share price chart it's trading at the same levels it was back in 2016 with the original DF high of .85/90 and the 2019 high with Bharti pump around .45/50
The problem isn't the SP it's the dilution and until they get the reserve over 1MIL and financing at the suggested 65 debt /35 equity I doubt the market cap will push past 30/35 mil, which is rediculously under valued IMO.
im not a promoter I've held a long position since 2019. The gold bull market is long from over and I believe the reserve and financing will be sorted next year. We just don't appreciate the dilution of our investment unless it's to be rewarded with expanding the market cap