Replies to post #193 on All American Gold Corp (AAGC)

[lmcat]

AAGC is a junior miner with a bunch of gold claims looking for gold and money.
On Sept. 5, 2011 they issued 400,000 shares for $280,000 at a price of .70 a share to an offshore investor. Now that is one unhappy camper! But since he is not a US citizen he can sell those shares without registering them. Maybe he started dumping when it went over .75.
They plan on using those funds to pay the $50,000 to TAC and for test drilling.
They only bought a 15% interest in the Iowa Canyon property and they need to pay another $50,000 within 60 days.

AAGC even at .22 has a market cap of $21.16M - over valued for an exploration company.