TICKER: AGG.V DESCRIPTION: African Gold Group is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the company controls a total of 12 gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa. The Mankranho concession is referred to as the “Jewel in the Crown” as it lies on strike and contiguous with Newmont’s biggest development project in the world: The Ahafo project. The management team brings over 100 years of operating experience on the African continent. WEBSITE: http://www.africangoldgroup.com/s/Home.asp Proactive Investors Report The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company’s web site for updates. <!-- &lt;! window.name="mainwindow"; function openWindow(url) { popUpWin = window.open(url,'adminWin','toolbar=0,scrollbars=1,resizable=1,location=0,directories=0,status=1,width=600,height=400'); if (navigator.appName == 'Netscape') { popUpWin.focus(); } } // &gt; // --> “Ghana stands the chance of benefiting from a $14 billion mining investment by 2010. According to industry sources such as Natural Resources Canada (NRC), estimated mining investments in Africa will reach $14 billion by 2010 from $7 billion in 2006, with much of the investments expected to be in West, Southern and Central Africa… In addition, mining giants such as Newmont and AngloGold Ashanti as well as relatively new entrants such as Rangold Resources, Keagan Resources, Red Back Mining, Golden Star Resources, and African Gold Group are expected to help script the future of West African mining sector with their projects and investments.” (6/10/08) - modernghana.com <!-- &lt;! window.name="mainwindow"; function openWindow(url) { popUpWin = window.open(url,'adminWin','toolbar=0,scrollbars=1,resizable=1,location=0,directories=0,status=1,width=600,height=400'); if (navigator.appName == 'Netscape') { popUpWin.focus(); } } // &gt; // --> “Another smaller, less diversified but very interesting play is African Gold Group, Inc. (AGG.V). They’re in two African nations, Mali and Ghana both of which have raised some political concerns in the past. But I’ve recently met some of their government resource people, and believe that they want the employment and foreign exchange that new commercial mines bring. Historically these properties have been operated by locals with pick-and-shovel. It’s an interesting speculation, which if things go very well, will trade at $5.00 in three to five years—up from under $1.00 now. If things go badly, you could lose 1/2 or ¾ of your investment. But you don’t need to buy a lot when the potential returns could be a quintuple. You don’t need a big exposure to get a meaningful return. We never put more than 1% of a portfolio into such ventures—but we make sure we hold at least 5 different ones so the winners much more than make up for the losers. Luckily there are a lot of stocks like that, I’m just giving you a few examples.” (6/6/08) - The Gold Report Interview with Alfred Wirth <!-- &lt;! window.name="mainwindow"; function openWindow(url) { popUpWin = window.open(url,'adminWin','toolbar=0,scrollbars=1,resizable=1,location=0,directories=0,status=1,width=600,height=400'); if (navigator.appName == 'Netscape') { popUpWin.focus(); } } // &gt; // --> “With mining investments in Africa expected to climb from $7-billion in 2006 to $14-billion by 2010, the political stability offered by countries like Ghana make West Africa one of the more mining-friendly regions and should continue to encourage activity there. Ghana is Africa’s second-largest gold producer after South Africa and has an established democracy. Much of West Africa’s gold comes from the Birimian greenstone belt on the West African Shield, home to the famous Ashanti gold belt. Big industry players like Newmont Mining Corp. and AngloGoldAshanti Ltd., have been joined by juniors…like African Gold Group Inc. (Ghana and Mali) and several others. African Gold and Keegan appear to be the most under-valued, according to Sam Kiri of Proactive Investors, which provides a wide range of information focusing on small cap companies. African Gold, meanwhile, has seen healthy levels of mined resources at its neighbour’s projects in Ghana. The company now control’s one of those companies, Bonte Gold Mines.” (5/1/08) - FP Trading Desk <!-- &lt;! window.name="mainwindow"; function openWindow(url) { popUpWin = window.open(url,'adminWin','toolbar=0,scrollbars=1,resizable=1,location=0,directories=0,status=1,width=600,height=400'); if (navigator.appName == 'Netscape') { popUpWin.focus(); } } // &gt; // --> “Toronto-listed African Gold Group provides exposure to both Ghana and Mali. The company has nine gold concessions that are consolidated into five separate exploration projects – three in Ghana and two in Mali. AGG’s Asankrangwa project is in the northern segment of the Asankrangwa gold belt, which is located midway between the Ashanti and Sefwi gold belts in Ghana. Immediately to the south of AGG’s Manso Nkwanta concession in the Asankrangwa project, Resolute Resources mined approximately 30 million tonnes of ore grading 2.0 g/t Au from a number of pits. Immediately to the west and draining from the contiguous Assuowunu concession, Bonte Gold Mines produced approximately 500,000 ounces of alluvial gold from 1992 to 2002. Keegan Resources now control Bonte Gold Mines. AGG’s surface exploration program at its Assuowunu concession has identified three main gold-in-soil anomalies that trend into Keegan’s contiguous Esaase concession. Recent assay results from AGG’s recently acquired Manso Atwere concession has returned 84 Meters Of 3.0 G Au/T, Including 36 Meters Of 6.28 G Au/T & 16 Meters Of 13.6 G Au/T. Diamond drilling is currently underway at Manso Atwere concession and will shift to AGG’s Assuowunu concession.” (4/28/08) - resourceinvestor.com <!-- &lt;! window.name="mainwindow"; function openWindow(url) { popUpWin = window.open(url,'adminWin','toolbar=0,scrollbars=1,resizable=1,location=0,directories=0,status=1,width=600,height=400'); if (navigator.appName == 'Netscape') { popUpWin.focus(); } } // &gt; // --> “It is hard not to get excited about AGG. Flanked by producing properties in prolific mining districts including the world famous Ashanti Gold Belt, the company has 12 gold concessions that are consolidated into five distinct standalone exploration projects - three in Ghana and two in Mali. Extensive development activity is currently underway on three of its standalone projects and so at this time it certainly appears that AGG warrants a closer look.”(3/3/08) - proactiveinvestors.com Leave a Reply Overall Rating No Rating 1 2 3 4 5 6 7 8 9 10 setDifference(0); showImages(1); You must be logged in to post a comment.