This stock is having a good run, up for the last 5 days, Anybody know why?

Perhaps Mugabe has snuffed it ?

www.goldmoney.com

up 28% on the day following daily rises over the last week....
About to run out of steam or more to go?http://www.africangoldplc.com/

Plantpot - trust you to be in Africa when I'm in China. Race you back!

Anyway, as far as I know, the Chinese are generally happier, work harder (in fact work) and don't kill each other so much, or the golden goose.

Linzi
Well im going to be in Birmingham in a few hours which is probably more sedate than both those places......wish i had been in africa (gold) for the past few days tho, would have offset some of my losses.....doh
Nigel

Please can you assist. What are the companies listed on the stock exchange that mine in Aus, and Asia.
Thanks in advance. The African co's are not for me at present bearing in mind politics and the price of the rand.

I think we need more of you inputting your thouhgt on this as shares keep on moving on up. I wish i'd put some of my money few day ago on this one ago but I thought about Mugabe and put me right off. Mind you I read African Gold is to prospect on other sites too. Thanks

Mortal.

Mugabe's days are numbered in the tens.

I believe there is mounting pressure behind the scenes for Mugabe to go. Mbeki in S.A. and other local African Leaders approached him to step down in November last year. He's still there while they argue over who will succeed him. BUT he hasn't got too long, because some powerful interests will not stand by and watch Zimbabwe go down the toilet. Too much is at stake in Africa, to allow another failed African State, so soon after the genocide in recent years there.

W.S.

basically AFG will shoot up when muggins leaves, not only have the comapny got no debt but they also only have one gold mine in operation, which means 15-35p per share when the countrys sorted out. I've got 30000 shares in this baby and I believe it's only a matter of time not if.......

P.s Try looking at minesite.com excellent for looking up all mining companys listed on the uk and foreign markets.( Mano river conroy diamnds Minmet) all worth a look at.

One of my favorites esp after yesterdays rise; todays fall expected due to profit taking.Once M dies or leaves its very good news for Zim and for AFG.

mitzi,

I agree, let's hope that tyrant get's what's coming to him sooner rather than later, and then his people can be free.

I'm certain this will be a good stock once he has gone, and the company should be recognised for keeping open the mine to benefit the locals, at a loss.

This is a nice long term buy , i think that i might have to invest!

This seems to hit 4.75p region and then drop back. I may miss the boat however I will be waiting to get in at 3.75-4.25p. Decent potential though.

5p is proving difficult to break through but when it does(on good news ) we could go to 8p or thereabouts.

Yep up nearly 40% in the last hour of trading today I wonder what the story behind the rise is.

This little snippet was taken from African Gs web site.

EXPLORATION

AFRICA

Four major properties have been identified and will be evaluated in the first quarter of 2004.

So this could be good news for buying and holding med /long ,and yesterday clearly broke the 5p barrier and up 36% on the day

G12

I'll have a read of the papers and try and find out whats going on..

...The word is that the company has agreed to buy a producing gold mine in African (sic) and that the (cracking) deal will be announced within a fortnight....

In response to recent press comments, African Gold is near to completing due
diligence on the Konongo Gold Mining lease, which covers the northeast portion
of the Ashanti Gold Belt in Ghana, about which information was announced on 29
January 2004. African Gold expects to make an announcement about this shortly.

hmmm price been falling quite dramatically on these. any ideas?

good news is rumoured.lets wait and see if this is mm tactic.

it would nt be the first time the price fell before positive news!

This is rediculouse 6.5 - 8p. The institutions bought in at 9p. Does anyone know if the institutions are bailing out?

what can we do now? sell or hold?

We are still due to hear some news from AFG management. Hopefully sooner than later. Maybe MM tacktic?

theres a lot of buying going on compared to sells now.

tbrooking66, not surprised at these prices.

hi all

just read a piece in the telegraph (yesterday), saying that african gold is under investigation, regarding a number of share bought when the first came on AIM ???(dont know why its taken this long). sorry cant inform you anymore it was very vague, but whilst afg keep us gusting on the news front. its going to be a rough ride for the next few weeks.
on a plus side, at least the rains stopped over there :o)
the next 3-4 weeks will be interesting.

hold in my book, looking 12 -14p short term, 20p plus long... imho
keeping an eye on AFE as well.

Thanks for that info. in_2_art I was getting confused to the amount of decline.

clipping from ADVFN
====
your reprt of Telegraph article is relating to the Phil Edmunds company of a similar name and nothing to do with AFG.
Headline mentioned africa gold but the correct title was in the article.

Optimist23 - 12 May'04 - 19:02 - 3287 of 3295


African Gold

The Financial Services Authority is looking into the placing of shares in Central African Gold, the mining company brought to Aim in March by former England spin bowler Phil Edmonds.

http://www.money.telegraph.co.uk/money/main.jhtml?xml=%2Fmoney%2F2004%2F05%2F11%2Fcnbul11.xml

----Seems to be an error here, I think the article is relating to Central African Gold which has fallen very heavily over the last few weeks
======

Does anyone know if AFG are due anymore announcements or are we in a period of 'correction' leading to more lows ?

Flinny ,
"In response to recent press comments, African Gold is near to completing due
diligence on the Konongo Gold Mining lease, which covers the northeast portion
of the Ashanti Gold Belt in Ghana, about which information was announced on 29
January 2004. African Gold expects to make an announcement about this shortly"

Azhar, thanks for that - hopefully they will strike diamonds at the same time and make us all rich !

Flinny, not sure about any body else but I went in this @ 11.2 p/s and topped up few weeks ago @ 7.75p with long term view. T1ps.com recommended medium term price of 20p. Waiting for imminent news as per previous quote and hopefully some good drilling results. This price is a bargain as insitutions have bought in @ 9p to raise 2.44m couple of months ago. As always DYOR

PRESS RELEASE 21 May 2004



African Gold plc


African Gold acquires 70 percent of the Konongo/Owere 950,000 oz gold resource
in Ghana

Announces a new NOMAD

Oliver Baring becomes joint Chairman

African Gold is paying US $ 4 m to acquire 70 percent of three mining licences covering 125 sq km in the
Konongo/Owere district of the Ashanti Gold Belt in Ghana and has an option to acquire an additional 10 percent.
Payment will be made in two stages, US $2 million cash plus US $1m in African Gold shares immediately. A further
payment of US $1m cash will be made after 180 days.
An independent report indicates that the licence area contains a resource in excess of 950,000 ounces of gold at
an average grade of 2.30 g/t gold.
The acquisition includes an adjacent prospecting licence covering approx 76 sq km. containing numerous gold
exploration targets.
The bulk of the gold resource is contained in sulfide ore bodies at depths from 70 metres to below 250 metres.
These bodies are similar to the Ashanti-style mineralization mined by Anglo/Ashanti at the Obuasi gold mine.
Diamond drilling will commence in the near future and will focus on converting inferred and indicated ounces to
the measured category.
The joint venture is subject to regulatory approvals in Ghana.
Three other properties in the Ashanti Gold belt are under option to African Gold and are the subject of ongoing
due diligence.


Change of Nominated Advisor

Canaccord have been appointed nominated advisor and stockbroker to the company.
The board expresses its gratitude to Rowan Dartington for their high standard of
service over the years.


Oliver Baring appointment

The board has appointed Oliver Baring as joint-Chairman of African Gold plc. He
is London based and will focus on the development strategy of the company. Mr.
Baring is Executive Chairman of First Africa Group. He has recently retired as
Managing Director of the Corporate Finance Division of UBS, where he held
responsibility for both Africa and Mining. He is a former partner of Rowe &
Pitman, and spent five years with the Anglo American/De Beers Group in the US,
UK and South Africa. He is chairman of the board of directors of Ridge Mining
Plc and an advisor to The Sentient Resources Fund and the Tiedemann Investment
Group.



John Teeling, joint-Chairman of African Gold commented, 'This is the beginning
of the African Gold development strategy. The Konongo acquisition together with
our assets in Zimbabwe gives us a gold resource in excess of 1 million ounces.
The appointments of Canaccord and Oliver Baring and the establishment of a
London office reflects the increased level of activity in London. We have an
active deal flow at present which I am confident will lead to additional
acquisitions in the near future.'




Contacts:

John Teeling + 353 1 833 2833
Oliver Baring + 44 (0)7785 320567

Up 19%... I sent an email to john teeling and he confirmed they are drilling is now. Hopefully we see some good results in the next 3 weeks. Good luck to all of us.

Relevant to AFG too

Buy Golden Prospect at 27.75p
Argues bear raider Evil Knievil of t1ps.com

I am famous - or should I say infamous - as a shorter of stocks. That is to say, selling shares that I don't own hoping that they will collapse and then as ordinary investors gnash their teeth and wail, I buy back and collect the lolly. If you are looking for a good short right now, Jarvis is - even at 24.5p - free money all the way down.

But I also dabble with buying shares and though I say so myself I am rather good at it. There are some fools out there who base their investments on following fund mangers - so called shrewdies. I am of the view that there are more shrewdies in the penguin pen at London Zoo than there are in the City and Golden Prospect rather proves my point.

A couple of years ago when this company had net assets of 10p a share (of which half was cash) two "shrewdies" sold their entire holding at 4p or less. Yours truly lapped it up and now has a notifiable interest. Indeed I have kept buying (to a high of 36p) and with the shares at 27.5p I am more than a few lunches ahead.

Run by the wise old coot Malcolm Burne, Golden Prospect invests in an array of small mining companies and its net assets are currently worth - I believe - just under 40p a share. In addition it has direct stakes in a couple of exploration projects which I suspect are worth another 4p per share or so.

But gold and thus gold shares will go higher. The idiots in charge of the west (Bush, The Wicked Witch and her consort Mr Blair, and the fools from Euroland) think that the answer to all our problems is to print more of their paper currencies and are doing so with wild abandon. No more gold is being produced by God. Hence basic economics dictate that gold must appreciate against currencies whose worth is being devalued by the day.

Since gold mines are operationally geared to the price of gold, another $100 on the gold price (which will in time happen) will cause gold shares to soar and with it so will the NAV of Golden Prospect. Before I even start to sell this share I would expect the NAV to hit 80p and the shares to see 60p. It may take a couple of years but I am a patient man.

Legendary bear raider Evil Knievil outlines all his trading positions on EvilCast - a fortnightly webcast available only on website www.t1ps.com. The website also features the tips of Tom Winnifrith who also recommended this share at just 5.25p. For more details click here

Buy at 7p

Xmortal,have you got an email address for Oliver Baring

no soz.

Thanks all the same.

Some one on advfn received an email saying annual report will be out within two weeks.

Do u think it will go up?

Hopefully we will get a drilling up date at the same time.

A tickup today any news?

Excellent drilling results

Can you tell us where you found the result please...John

Hlye - click on news icon at top and put in epic code

That must be the shortest rally in history. I sometimes think AFG has to hit a million tonnes of platinum if it's price is ever to go up ! What's keeping it down ?

mm are going mad today

This has got to be the one of the craziest days in AFG's history. Up 11% down 5%, up 22%, what on earth is going on? John50, I think you may well be right. probably finish up where it started!

I think there is more good news on the way with annual report

Rumour / fact has it that AFG have been shorted to the nth degree in Berlin. Some say that this Berlin Shorting is fiction, others fact. Whatever the truth the drilling report looks positive, seems to be considered good news. Hopefully if this type of shorting has been prevalent in AFG, the positions will be closed and we will see a dramatic increase in the SP.

Hope so PH.

African Gold PLC
27 September 2004

Contacts:

John Teeling + 353 (1) 833 2833
Adrian Lungan +233 (24465) 6485



27th September 2004



PRESS RELEASE
AFRICAN GOLD PLC the AIM listed gold miner is pleased to
announce the following:



Significant gold mineralisation intersected in initial drill holes at Owere/
Konongo, Ghana.



Diamond drilling at our Owere/Konongo gold project in Ghana has
intersected significant zones of high-grade gold mineralisation.



The best intersections are from Hole OBAPC-05 where 12.06g/t Au was
intersected over a width of 16m and Hole OBACP-02 where 10.90g/t Au was
intersected over 12m.



Drilling confirms that substantial widths of highly-mineralised wall rock
exist in the mine workings.



Results of all holes have confirmed the presence, continuity and grade of
mineralisation in just one of nine such ore-bodies.



The Company is pleased to announce the results of initial drilling of the
Obenemase ore body at our Owere/Konongo Gold Mine in Ghana.



Hole No. Dip From(m) To(m) Interval(m) g/t Au

OBAPC-001 -47 134.0 137.0 3.0 5.68
144.0 145.9 1.9 5.63
190.0 192.6 2.6 3.55
OBAPC-002 -50 108.0 120.0 12.0 10.90
OBAPC-003 -45o 103.0 109.0 6.9 3.06
115.0 120.0 5.0 6.03
127.0 129.0 2.0 4.17
OBAPC-004 -53o 133.0 138.0 5.0 5.08
OBAPC-005 -46o 70.0 79.0 9.0 2.79
107.0 123.0 16.0 12.06






An initial thirty-hole drill programme is designed to test the grade and
continuity of gold mineralisation remaining in the wall rocks marginal to just
one of nine ore bodies at Owere/Konongo. The assay results obtained are from HQ
drill core and are the first received to date from Analabs in Ghana. In the
1930's, underground mining at Owere focused entirely on high-grade, gold-rich
quartz veins and the sulphide hosted high-grade, gold mineralised host rock was
left behind.



Previous drilling indicated the potential of the wall rocks to host an economic
ore body and the current programme is focused on converting inferred and
indicated gold ounces to measured ounces. An earlier study indicated a resource
of over 900,000 ozs in the area.



Drilling is ongoing and further results are expected in the very near future.



John Teeling co chairman said 'These are excellent results and fully support our
belief that we can turn the 900,000 oz indicated gold resource into a
significant gold mine.'







African Gold is an AIM listed company (AFG) with gold mining interests in Africa


www.africangoldplc.com

LONDON (AFX) - UK mining company African Gold PLC will be taken over by unlisted African peer Mwana Africa Holdings in the next few days, according to the Sunday Telegraph.

Citing sources close to the deal, the paper said the reverse takeover would create a group with a market capitalisation of 60 mln stg. African Gold is worth just 15 mln stg at current prices.

What will this r/to deal mean for ex. s/holders if new company unlisted ,any views

Here's a link to the Telegraph article mentioned above:

Telegraph Article

Surely this is some good news at last?

from Sunday Telegraph - 11 Sept 05 - Reverse Takeover

Mwana Africa Holdings, a mining company led by a Congolese prince, is expected to join the Alternative Investment Market in the next few days through a reverse takeover of African Gold, the listed group.
African Gold, a mining and exploration company, is jointly chaired by Oliver Baring, the former UBS investment banker, and John Teeling, the veteran Irish resources entrepreneur.
African Gold currently has a market capitalisation of just 15m, but the combined group will be worth around 60m when the value of Mwana's mines is taken into account.
The combined group will retain its joint chairmen but the executive team will be entirely African, led by Kalaa Mpinga, the Congolese-born chairman of Mwana. The ambition is to create a mining group that will focus on picking up smaller projects across Africa but that will be financed largely from London.
"African management can do business in some places in Africa that other people can't," one executive close to the company said on Friday. "They have very significant plans for developing mining projects around Africa but they'll be accessing funds as required in London."
Mpinga has emerged over the past few years as a leading African businessman with a network of contacts across the southern part of the continent. He is on the board of GijimaAst, the South African technology company, and sits on the board of Group Five, the South African listed construction group, with Baroness Chalker.
Mpinga, who is from a well connected Congolese family, went to university in the US and worked for Bechtel, the engineering services group, in San Francisco before joining a subsidiary of Anglo American, the London-listed mining giant, in 1991.
He became an executive director of Anglo responsible for cross-border development before leaving to set up Mwana Africa - which means sons of Africa - in 2001 with the backing of investors from Kenya, Zambia, Zimbabwe, Angola and South Africa.
Mwana has since made several acquisitions of working mines, including the Freda-Rebecca gold mine in Zimbabwe, which it acquired from AngloGold Ashanti in September last year. The mine has reserves of 300,000 ounces of gold and is close to the Bindura nickel mine, which the company bought from Anglo American the year before for $8m (4.4m).
Mwana is thought to be in negotiations with Gecamines, the state mining corporation in the Democratic Republic of the Congo (DRC), about launching nickel mining joint ventures in the DRC and is believed to have mining and prospecting interests in a number of African countries.
"It is likely they will pick up a number of smaller Anglo American projects that the company no longer sees as core," an executive close to the deal said.
He added: "Getting to this stage has taken ages because we've had to get legal opinions on Mwana's licences in multiple African countries including Zimbabwe and the DRC. There are 14 different advisers working on this but they are now all signed off."

Any views on the above. how will this affect the sp?

African Gold PLC
12 September 2005

African Gold Plc

Response to press speculation

London, 12th September 2005 - The Board of African Gold Plc ('African Gold') has
noted the article in yesterday's Sunday Telegraph speculating about a possible
reverse takeover of Mwana Africa Holdings. The Board of African Gold can confirm
that they are in advanced negotiations with Mwana Africa Holdings (Pty) Ltd, a
privately held African mining company, which may lead to an offer being made for
the company. The Board should be in a position to make an announcement shortly.


http://www.companyannouncements.net/cgi-bin/articles/200509120700501182R.html

hi folks

what is really happening now. the share was suspended which I understand why but I expected to be for 1 or 2 days. How long is it going to remain suspended and what do you think it will happen after the suspension time.
any ideas
manythanks
seb

seb190774

The Sunday Telgraph said the combined group will be worth round 60 million. I believe this only takes account of the mining operations currently within the AFG and Mwana stables BUT doesn't place a value on any of its future (significant) prospects. With licences in multiple African countries who knows where this company may go. Do not under-estimate Mwana's CEO and the high level contacts he has.

Also, AFG must be fairly close to establishing a pre-feasibility reserve figure from its Konongo exploration site. This together with the other big unknown - Banka!!! What potential does this hold?

I am of the opinion that if/when this deal goes through the combined impact of both operations on the share price could be major.

African Gold confirms offer talks
Shares in African Gold were suspended on Monday after it confirmed it was in advanced talk over a reverse with Mwana Africa Holdings, the privately-held African miner.

A deal would allow Mwana, led by Congolese chairman Kalaa Mpinga, to gain a UK listing and create an Africa-focused mining group financed from London.

GREAT NEWS...the impact will be major

so when the share re-open again?

Being ignorant here, but if the company's taken over, where would that leave us shareholders ?

hi
does everybody know how long still the share has to be suspended ? And what would be the options afterwards ? Could anybody enlighten me about what is going to happen and about when ?
sorry for my ignorance

many thanks

i was told end last week by african gold it should be within the next ten days

to israelgold
thank you very much for the information

seb

Hope we will see some profits on this one

u in AFG, israelgold. On iii.co.uk ppl r saying they may have to re-admit the shares at a discount hence the price will b lower than the current price. Hope this doesn't happen cos then I will be losing a lot more than I'm at present.

we are still waiting on this one its not the right thing to do to investors does anyone know the rules of the stock exchange on how long it is allowed for shares to be susspended

Might be wrong ig, but believe six months before they are then de-listed. might have a long wait

they are going to do a reverse takover please see news quite a large artical
nothing on website or minsite as yet

Shares should climb steadily now to 50p, a good time to top up also!!

Epic is MWA also 12.5% up today to 42.5 and climbing!!

Bid ends 42.75

http://www.rte.ie/business/2005/1205/ormonde.html

http://www.newratings.com/analyst_news/article_1149090.html

Kat those sites have what to do with this thread?