The Investment Doctor
Long/short equity, value, debt, base metals

African Gold Group - How Big Will Kobada Turn Out To Be?

Introduction

In this article I'll discuss African Gold Group (OTC:AGGFF), an advanced stage gold exploration company with a very interesting asset in Mali, Africa. Keep in mind African Gold Group is very thinly traded on the pink sheets, and I'd like to refer you to the company's main listing on the TSX Venture Exchange where it's trading with 'AGG' as ticker symbol.

I'll first give a short summary of the project, move over to the updated resource estimate and the earlier completed Preliminary Economical Assessment. Thereafter I'll have a look at the balance sheet and the risks about doing business in Mali. This will result in my investment thesis at the end.

AGG's Kobada project in Mali looks...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details