Pope & Company Initiates Equity Research Coverage on African Gold Group, Inc.
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/05/12 -- African Gold Group, Inc., ("AGG" or the "Company") (TSX VENTURE: AGG) is pleased to announce that Pope & Company, based in Toronto, Canada has initiated research coverage on African Gold Group, Inc. with a speculative buy recommendation and a target price of $0.84/share.
Pope & Company's initiating research report on AGG states:
"African Gold is developing the Kobada property which has a 218.5 sq km concession in the prolific gold producing area of south-west Mali. We recommend African Gold based on the following:
Valuation and Recommendation
Our target represents a 223% upside to the current price of $0.26/share. We suggest that as African Gold proceeds to production, defines more resources and makes plans to recover gold from sulphide, we will see further upside to the stock. We therefore recommend purchase of AGG."
Please activate the below link to view the complete report authored by Pope & Company initiating coverage of AGG: .
African Gold Group, Inc., based in Toronto, Canada, is fully focused on transitioning from an exploration / development company into a gold producer. In conjunction with this objective, a full Feasibility Study is currently underway at AGG's Kobada, Mali gold project. The Company is projecting the Feasibility Study will be completed in Q2/2013, at which time, the Company will submit an application to obtain an Exploitation License to the appropriate Malian authorities.
Additional Information is available on the Company's website at and on and through the Company's offices at: Sun Life Financial Tower, Suite 2518, 150 King St. West, Toronto, Canada M5H 1J9.
On Behalf of the Board:
Michael A. J. Nikiforuk, President, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
African Gold Group, Inc.
Michael A. J. Nikiforuk
(647) 288-0453
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Unternehmensinformation / Kurzprofil:
Datum: 05.11.2012 - 14:00 Uhr
Sprache: Deutsch
News-ID 199511
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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