African Eagle Resources "buy"

07/31/07 - Seymour Pierce

LONDON, July 31 (newratings.com) - Analyst Asa Bridle of Seymour Pierce maintains her "buy" rating on African Eagle Resources Plc (EB1).

In a research note published this morning, the analyst mentions that the company has reported healthy drill results for its JV Mkushi copper project in Zambia. The drilling is a part of the pre-feasibility study work, which is on track to be completed in 3Q07, the analyst says.