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New asset being considered could be gold.
Case for gold:
- Philex substantial gold background, experience, sector network
- Rising price of gold this year, the safe harbour during crisis
- Appointment of Dexter Ferreria, who learned his mining expert trade in S Africa in gold plays - holds a BSc Geological Sciences, a BEng Mining Engineering and is a member of the South African Council for Natural Scientific Professions.
- Through Dexters company Independent Resource Estimations, he has the perfect skill set to evaluate a metals RTO target and offers the following:
GEOLOGICAL MODELING
RESOURCE ESTIMATION
GEOSTATISTICS
RESERVING
ECONOMIC MODELING
DUE DILIGENCES
Gold companies he has worked for include:
Goldplat PLC
BHP Billiton Ltd
Harmony Gold Mines
Colombia Goldfields Ltd.
Forum Exploration Ltd.
MBMI Inc.
Altoro Gold Corp.
Philex Mining Corp.
SUN Mining Group Pty.
PhiGold PLC
Aflease Gold Pty.
Combine that with Tania Maciver - knowledgeable global finance professional .....successfully assisting companies with corporate strategy development and capital structuring. Tania is currently COO and Research Analyst at SP Angel Corporate Finance LLP.
Looking at SP Angel experience:
"SP Angel’s position as number one ranked adviser to the AIM Mining sector (AIM Advisers Rankings Guide) for both Nomad and broker appointments with over 30 mining industry retained clients, underlines our commitment to, and dominant position in, the junior mining sector. The team has been regularly raising development capital for junior mining companies from institutional and private client fund managers and has a strong track record in bringing successful mining companies to the AIM market. "
Recent clients, includes gold AIM company Empire metals Condor Gold, Eurasia Mining.
Phliex Gold through their subsidiary Forum , have used their network to appoint these directors with specific finance, partnering and technical due diligence in the gold exploration and mining sector.
If a gold play ins being considered, they need to raise finance to drill and need partnering with a Major in due course to develop the asset as per Solgold. If the asset is good enough they will come, or Philex may break cover and take a position.
Interesting in SR 8:
"To authorise the Company to make market purchases of ordinary shares. "
Forum owns 25% of AAOG directly.
AAOG = Forum now in all but name
AAOG procures shares in itself intended - finance is required from a backer, HNW or II - all of which need to see the business model on the new asset to do so, hopefully this will be announced soon.