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

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