Replies to post #1402 on Gold Exploration in West Africa

[FL]

Note: Searchgold(RSG.V) doubled after failure-to-file trading halt.

Searchgold (RSG.V) shot up on volume after a failure-to-file trading halt that lasted for over two weeks. It doubled in four trading days from C$0.075 to C$0.15 and has pulled back now to C$0.125. The Managem (MNG in Casablanca) deal has credibility, to me. I don't know much about Gabon, where the main effort is. It looks as though Searchgold might also go after neglected areas in francophone West Africa, and/or Liberia/Sierra Leone, since it talks about acquisitions in "Archean" areas.

FL

[FL]

Any opinions on Searchgold (RSG.V)?

Searchgold, with its main gold properties in Gabon, is at C$0.14, having doubled fast on relatively high volume after a recent trading halt, but it's still far below its January 2004 C$0.37 peak from which it more or less steadily declined to below $C0.07 until the recent trading halt.

Somethong seems to be going on. Searchgold did a financing deal with the Moroccan company Managem (MNG on the Casablanca Bourse), which is controlled by ONA, which is supposedly controlled by the Moroccan royal family. I've always thought that Managem's majority-controlled gold mining company Semafo (SMF.T) was competent and able to work well in French-speaking countries. But Semafo and Managem are not the same; reportedly they've had disputes.

Managem had "good taste" in buying into Semafo (disclosure: I own some Semafo stock) and its decision to deal with Searchgold is interesting to me. Is Managem now buying up Searchgold shares, as it did with Semafo before?

If anybody has ideas about what might be going on with Searchgold, please post them. I'm thinking of buying some Searchgold shares (I have none now) but I'm undecided.

FL