AFRICAN GOLD (A1G) Shares
ABOUT AFRICAN GOLD
African Gold Limited is a mineral resources company which focuses on the identification, exploration and development of significant mineral properties in Africa.
The company’s portfolio consists of projects in Cote D’Ivoire and Mali. Cote d’Ivoire is among the fastest growing economies in the world, and one of the most dynamic in West Africa.
The mining sectors’ turnover rose by 11.5% in 2017, an increase achieved mainly via exports of gold, manganese and nickel. Other mineral commodities that offer potential for economic development in Côte d’Ivoire include diamonds, petroleum, natural gas, copper, iron, cobalt, bauxite, tantalum, lithium and silica sand.
The company’s interest in Mali is due to that country’s position as the third largest gold exporter in Africa, comprising nearly 70% of total exports in 2017. Gold panning form artisanal miners contributes approximately 10% of gold exports.
Mali also has other mineral prospects as most of the territory remains largely unexplored and unmapped. The country has a demonstrated history of discovery and the ability to deliver value by building mines.
OVERVIEW OF AFRICAN GOLD
African Gold’s highly prospective Agboville Gold Project is owned through its wholly owned subsidiary, Golden Ivoire SARL. The project area is located less than 100 km North West of the economic capital and largest city in Cote d’Ivoire, Abidjan.
The Project is in the south east of the West African Craton in an area referred to as the South Comoé domain, part of what is referred to as the Birimian. The Project is considered to have excellent prospective for gold, but is also considered to have potential for nickel, cobalt, copper, lithium, tantalum, niobium and beryllium.
In Mali, the company announced on the 5th September 2019 that it had entered into a conditional purchase agreement to acquire 100% of Abra Resources Pty Ltd. Four of the five permits live within the Kedougou-Kenieba Inlier and one is in south-east Mali along strike from Resolute’s Syama Mine.
The permits area is well located with respect to known mineralized corridors such as the SMSZ and The Syama Shear, and contains several high quality conceptual geological, geochemical, geophysical, historic drill intercepts and artisanal workings that have yet to be tested.
VISION & VALUES OF AFRICAN GOLD
African Gold is committed to conducting its business ethically and in accordance with the highest standards of corporate governance.
The company endeavors to minimize any negative impact of its operations on surrounding communities and encourages its employees to support industry and community safety, and health and environmental initiatives that pertain to its business.
The company works in such a way that respects the diverse cultures and heritages of local communities and is clear that it does not use forced, compulsory or child labour.
MARKET PERFORMANCE OF AFRICAN GOLD
African Gold Limited trades on Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol –A1G. Data from the company’s 2019 financial analysis shows cash and cash equivalents at 30 June 2019 totaled US Dollar 3.4 billion, with loss after income tax US Dollar 511 million.
The company is in a strong financial position to continue expanding its projects in highly prospective regions of Africa, supported by flourishing local economies and largely under-explored resources.
This performance puts the company in good stead to gather returns going forward, providing a rising share price for investors with good long-term growth in dividends, and securing a solid buy-in for those who choose to purchase shares today.
Buy AFRICAN GOLD stocks / shares – A Step by Step Guide how to Buy / Purchase AFRICAN GOLD Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy AFRICAN GOLD Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN AFRICAN GOLD STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE AFRICAN GOLD STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of AFRICAN GOLD stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy AFRICAN GOLD stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?