RE:RE:RE:AGG Announces 66% Increase in Mineral Reserve to 1.25m Oz Whatever may be said, the theory that I have stated over and over again is as valid as ever.
The scope of the 43-101 technical report goes beyond its content. It should be understood that it is also an official document which engages the responsibility of qualified geologists. In a serious step, a possible participant will wish to obtain guarantees about the calculation of mineral resources and reserves. Considering that the accuracy of the calculations is the responsibility of the 43-101 qualified geologists, a transaction carried out before the filing of this document would deprive the participant of any recourse with regard to these geologists. Despite the fact that all scenarios are possible, the most probable is therefore that a transaction can take place when this technical report has been published, by mid-October.
Since the participant can still obtain privileged information, under the guise of a confidentiality agreement, there is also a small probability that such a transaction could take place at any time.
Considering that the fundamentals of gold are particularly favorable in the long term and considering that AGG is very confident that it will be able to define new mineral resources in the future, I have great difficulty believing that AGG can sell 100% of its participation in the Kobada permit. Therefore, I suppose the integration of a partner, whose name I will not mention, is probably the best way to allow AGG shareholders to benefit from the eventual results, both short and long term.
Personally, I have no worries about the future of AGG. To know if it is currently a good investment, it should be understood that there is always a risk that AGG is in the obligation to finance itself again. And if there is agreement, it would first be necessary to take cognizance of it in order to make a judgment.