Agoracom

Hope you dont mind Canon as I know you post here occasionally, but I thought your qwork deserved to be recognized by a couple of other shareholders. I hope you get a response from IR for your efforts and our benefit.

Thanks.

"

Sprott controls 13% of AGG. I they bail then we are in trouble but since they haven't we are in good shape. I think that we are entering the summer doldrums when the market typically slows down. That and the market has lost its luster for the juniors right now.

I post this excerpt as I have yet to get a reply for IR as to what type of licenece we have.

Ghana – The mining regulatory environment
Ghana awards three types of licences for mining companies. A Reconnaissance Licence confers on the holder the right to search for a specific mineral within the licence area by geochemical and photo-geological surveys or other remote sensing techniques. Granted usually for one year (renewable) Reconnaissance Licence does not permit drilling, excavation or other sub-surface techniques.

In order to undertake drilling, a Prospecting Licence is required. Prospective licences are initially granted for three years and a maximum area of 150 km², renewable for a maximum of two terms or for further periods of up to two years each. At each renewal, half the licence area is required to be relinquished by the holder. If more than one prospecting licence is held, they may be treated as one area for purposes of shed-off.

The third type, Mining Leases, give the licensee the right to mine or extract specified minerals within the lease area. The lease may be granted to the holder of a prospecting licence or any company that satisfies the Ministry criteria. The lease is issued for up to thirty years subject to renewal for a further thirty-year term. The size of the area a lease may be granted is limited to 50 km² for a single grant or 150 km² for aggregate grants.

Not surprisingly, Foreign Direct Investments (FDI) to Ghana has been on the rise with the majority channelled towards the mining sector. International Council on Minerals and Metals estimate total FDI attracted by Ghana to the mining sector to be $7 billion over the last 10 years. Gold production has indeed been high during the same time period and Ghana now is Africa‘s second largest gold producer after South Africa."