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

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?