|Bid||0.0600 x 0|
|Ask||0.0650 x 0|
|Day's Range||0.0650 - 0.0800|
|52 Week Range||0.0650 - 0.4000|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.80|
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Every investor on earth makes bad calls sometimes. But you want to avoid the really big losses like the plague. So spare a thought for the long term shareholders of Algold Resources Ltd. (CVE:ALG); the share price is down a w...
ALGOLD RESOURCES LTD. (TSXV: ALG – “Algold” or the “Corporation”) wishes to amend the existing disclosure regarding its funding arrangement with Wafa Mining & Petroleum SA (“Wafa”) announced on July 13, 2018 and October 9, 2018. As previously announced, Wafa agreed to invest in Algold’s subsidiary, Société Tijirit Exploitation SA (“Tirex”), a total of $4,200,000. In consideration of the value received from Wafa in connection with the Advance, Algold agreed to issue to Wafa, as bonus shares, 883,747 common shares of Algold (the “Shares”) and transfer to Wafa a 10% interest in Tirex (the “Tirex Interest”), upon full receipt.
In Algold’s press release dated January 4, 2019, it was announced that the Mauritanian Ministry of Oil, Energy and Mines (the “Ministry”) granted the Corporation a 12-month extension to complete the Tijirit Gold Project feasibility study. As the additional time provides for ample opportunity for further exploration, a Phase V drilling program is being planned. The program will focus on increasing resources at Eleonore by targeting the down-dip and down-plunge extension of the high-grade gold intersection, as well as better defining the potential of Eleonore East and Salma zones.
ALGOLD RESOURCES LTD. (TSXV: ALG – “Algold” or the “Corporation”) today announced that the Mauritanian Ministry of Oil, Energy and Mines (the “Ministry”) has granted a 12-month extension to the Corporation for the completion of the Tijirit Gold Project feasibility study. At Algold’s request, the Government of Mauritania granted an extension for the delivery of the feasibility study. The feasibility study was originally scheduled for completion by the end of 2018.