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@MiningBookGuy @Chops - you could definitely look into that! I'm personally much more interested in comparing $SWA to $WAF $WAF.AX. $WAF is about to have a DFS, and it seems more of a 'hybrid' than $TGM was, with oxide ounces, and deeper, high-grade ounces. Granted, $WAF high-grade is much higher than anything i've seen with $SWA. But $SWA still has plenty of potential, and maybe there would end up being similarities IF $SWA went down the road of developing on their own. And if $WAF gets bought out, that would help put a valuation on $SWA (which to me is in the 'top 3' as buyout candidate in #BurkinaFaso, along with $ORE). $SWA is earlier stage...but i actually think it's positioned better than than $WAF / $ORE based on recent events/activities. Of course, that's my very biased opinion :)
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Chops Either way looks to be good value at this price. Perhaps i'll put some time into an analysis this weekend.
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@MiningBookGuy @Chops - sounds like a plan to me :)
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@MiningBookGuy Quick clarification: in the video i just released yesterday: https://www.youtube.com/watch?v=RaANyHF1Yd8+ I did NOT specify the most important near-term catalyst. it's this News Release: http://saramaresources.com/getattachment/6744ec68-fe9f-4050-9546-50353eb6ad66/Sarama-Resources-Targets-Extensions-To-Mineral-Res.aspx I think these drill results are coming in roughly ~2-4 weeks (maybe sooner). The South Hounde Project is $SWA's #1 project, so I'm looking forward to these and there might be some good stuff to discuss.
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@MiningBookGuy Sarama sees something big in South Houndé http://www.mining-journal.com/gold-and-silver-investor-hub/gold-and-silver-investor-hub-resourcestocks-company-profiles/sarama-sees-something-big-in-south-hounde/ $SWA #SouthHoundeBelt #BurkinaFaso $EDV $ACA.L $SMF $ROG $ORE $TGZ $TGZ.AX $THX #Kalgoorlie #Australia (hat-tip @wilwal from #stockhouse) What a FANTASTIC coincidence & article! I had no idea #AndrewDinning was doing an interview with the #MiningJournal right now, basically covering the same stuff I covered in my new video ( https://www.youtube.com/watch?v=RaANyHF1Yd8+ ), but far more professionally. This is MUST-READ if you have any interest in the emerging #SouthHoundeBelt #district. Best article that has ever been published on $SWA! Also, take note of the great #map in the middle of the article with sub-header "In control: Sarama is the dominant consolidation force in the district". Here's a screenshot of that: http://cdn.ceo.ca/1c8mq93-Sarama_Consolidation.png+
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@MiningBookGuy oops, i forgot a $SCA & #gold tags for this one: https://ceo.ca/index?64e2cb8ac5d1 very relevant here too. $SCA (Savary) will likely get acquired and doing good work. But $SWA (Sarama) is in the dominant position and a far better value right now.
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@MiningBookGuy @chops - the #miningjournal article i posted answers some of your questions. Here's a quote from Andrew talking about some rough economics of the project (though again, everything changes if $SWA gets swallowed up into something much bigger): “You could potentially see cash costs of mining and extracting [that type of material] around the US$600/oz mark, or better given the grades. So it’s all highly accretive: the pre-tax cash out of those ounces is going to be plus-$120 million at US$1,200/oz gold." http://www.mining-journal.com/gold-and-silver-investor-hub/gold-and-silver-investor-hub-resourcestocks-company-profiles/sarama-sees-something-big-in-south-hounde/
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@MiningBookGuy @Narcat RE: https://ceo.ca/nxs?00aceac2cc88 On this point, it's not a "maybe" to me on $SWA. It's an "ABSOLUTELY", yes capitalized. Right now $ACA.L (Acacia Mining) is just completing the first 50% of the earn-in. They need to spend $7M USD to get 70%, and then can buy a final 5% if it reaches a 1.6M oz reserve on the South Hounde JV. Full details here: http://saramaresources.com/getattachment/c04c2645-d2a5-47aa-aeb1-baeb64c39f9a/Sarama-Resources-And-Acacia-Mining-(Formerly-Afric.aspx The thing is, all signs are point to $ACA.L doing a #takeover of $SWA in the next few years, because $SWA owns 2 OTHER projects in the area. I am not going to regurgitate everything in my video. But I will specifically post the #Bondi section entry-point at about 10 minutes in: https://youtu.be/RaANyHF1Yd8#t=10m10s+ I can not emphasize enough how crucial #Bondi is to the valuation and future. It is 100% owned (just needs a govt approval to fully confirm & do further work on it), it's more advanced, and it's relatively high-grade with good metallurgy. Whether it's $ACA.L (Acacia) or someone else, all of these $SWA properties will be consolidated...and if you would like a second opinion, take it from the $SWA CEO #AndrewDinning here: http://www.mining-journal.com/gold-and-silver-investor-hub/gold-and-silver-investor-hub-resourcestocks-company-profiles/sarama-sees-something-big-in-south-hounde/ I'm not going to put down the merits and/or potential of $NXS $AGZ $WAF $WAF.AX. But I will say for sure that $SWA vs $NXS valuation is a 'no-brainer' going towards $SWA. And $WAF valuation is a signal that $SWA should be much closer to it than currently valued by the market (not saying $WAF should be lower, but if you look at all the components, $SWA isn't far behind $WAF...the upcoming $WAF DFS will be helpful). I'm happy to follow-up on any of these points.
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@Excelsior @MiningBookGuy - thanks for all the information on $SWA . I did add shares earlier today, and have been so busy I got side-tracked and wanted to circle back around on here and let you know that I do appreciate you consolidating a great deal of info for us to digest. Thanks for the links, the peer comparisons, and that article you posted earlier from mining journal. Cheers mate! #mbgtrends
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@MiningBookGuy @Excelsior - thanks for the kind words, and glad you're interested in $SWA! yeah, that #miningjournal article was the best surprise for me this week...while i'm glad i did my video, i'm going to recommend anyone interested in $SWA read that article first! :) #mbgtrends
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@Excelsior @MiningBookGuy - It was fun recently looking over some older maps of #BurkinaFaso and the hive of activity and number of #Gold mining projects in their pro-mining jurisdiction. http://www.iggsarl.com/wp-content/uploads/2015/04/BFGoldMines.jpg+ In particular this older #map was helpful as it showed the different Mining companies working there with True Gold (now owned & acquired by $EDV Endeavour Mining), $ACA.L Acacia Mining $BTG B2Gold, $SMF Semafo, $IAG IAMGold, $RTSD.F Nord Gold, $ROG Roxgold, $ORE Orezone, $SCA Savary Gold, $SWA Sarama and $WAF West African Resources just to name a few of the players. Amara was acquired by $PRU Perseus and Gryphon was acquired by $TGZ Teranga Gold. This map makes it easy to see the Hounde South and South Hounde deposits being worked by $SWA Sarama Resources. Sure, the map is a bit dated, but still.... it gives investors a lay of the land of how much is going on in #BurkinaFaso. #Africa ~AUfrica #mbgtrends http://www.burkina-emine.com/wp-content/uploads/2016/05/Cartes-gisements-BF.jpg+
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@FundamentalAnalysis All the best and wish you a speedy recovery. Hopefully there are more bargains to look forward to when you are back @miningbookGuy. Great $SWA video btw.
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from #mbgtrends,
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@poor-white-trash Should be about one more day till me trade account is approved. Anything else on the stock radar? I mean I'd like to buy into $CBD, $CLX.AX, $GXU, $IVN, $NXE, $SWA, but I'll only be able to buy into one, so I thought while the uranium bull market is still early days, maybe go a $CBD,or $SWA to diverse a bit. Be nice if $CBD Went down a bit.
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@FundamentalAnalysis @MiningBookGuy Just wanted to say thanks again for both the sarama and Orca videos you put up. I got into the Orca story back in Feb 16 before I knew about ceo.ca. But after knowing you came on board it actually validated my speculation, because this is more your area and not mine. I based my decision on the value that they had already found, Lundin being on board, and the valuation of the company at the time. Sarama $SWA however I stole completely from you when it went all the way back to 14c. I just saw 50c and then 14c (3.5x bagger just based on where we were last year), read the investor presentation, quick financials checks, saw your videos and decided I'm in.
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@Alan 2 Overlooked Gold Exploration Companies In Burkina Faso https://seekingalpha.com/article/4042218?source=ansh $ABGLF, $EDVMF, $ORZCF, $SEMFF, $SRMMF, $SVVYF $ACA.L $EDV $ORE $SMF $SWA $SCA
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from #mbgtrends,
@marketwired Sarama Resources Provides Progress Update for South Houndé Project in Burkina Faso @marketwired/sarama-resources-provides-progress-update-for-south $SWA
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@Followthechart Boom
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@kjm $SWA up 5c on 74k ???
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@Ruthven Wow, what's going on today? 21% on what?
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@Joshgs @MiningBookGuy Very happy with my $swa purchase last week.
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from @miningbookguy,
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@MiningBookGuy I don't think many people have commented on #Indaba yet. Here's what's going on in #SouthAfrica right now, good overview post for ~AUfrica panel: 1. Overview of #MiningIndaba conference: Mining Indaba remains pivotal to Africa http://www.miningweekly.com/article/mining-indaba-remains-pivotal-to-africa-2017-02-02 to my understanding, this used to be like "African #PDAC", but not as good for companies anymore, especially juniors. Now the juniors focus more time on smaller conferences, including the 2 below that i'm aware of. 2. Arlington Pre-Daba http://www.arlingtonpredaba.com/ #ArlingtonPreDaba #PreDaba This just happened over the weekend. Scroll down for company attendees. 3. 121 MiningInvestment Capetown http://www.weare121.com/121mininginvestment-cape-town/mining-presenters-2017/ #MiningInvestment121 Happening right now. Nice detailed company list here. These are mostly #Africa focused, ranging from juniors to mid-tiers. But there's surprising variety, with some other countries and multiple exchanges. This is worth researching if you want to discover some hidden gems (i'm finding new stuff myself). As a sidenote, a few companies I noticed attending both #PreDaba & #MiningInvestment121 are $SWA $WAF $WAF.AX $CDV.AX. I would not be surprised to see exciting catalysts from these 3 in 2017 (*Disclosure - I own $SWA, & following $WAF and $CDV.AX closely) #index
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from ~aufrica,
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@MiningBookGuy @Joshgs - glad to hear it! :) @Ruthven @kjm - i wanted to make the post above before responding. $SWA volume is up quite a bit since @kjm posted. My best guess is that new buyers are coming in via the #PreDaba conference, and possibily #MiningInvestment121 that was today. I believe the audience at these #MiningIndaba related events in Capetown #SouthAfrica are very global, with many people/funds looking for 'the next big story' that they somehow missed. $SWA fits perfectly, because of the stuff I shared in my video, the great recent #MiningJournal article, and the fact that $SWA is listed on the #TSXV while it's run by Aussies based in Perth (there's nothing inherently wrong with that, but it's just very unusual). In any case, I'm really glad $SWA is attending all these conferences, and likely getting a lot of new exposure.
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@enviro111 #swa has been depressEd for several months now. It one point it spiked to almost $0.50 and then fell back 80%. Quite a move for a company that has some pretty good properties. Just a resumption of a reasonable market fir gold stocks should prompt some recovery. Also, I suspect the joint venture with acacia is moving along. They had some fair drill results too. I've noticed that for some of the gold stocks lately they do not respond to news as quickly as one would think. Maybe it's the pessimistic outlook of gold investors?
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@Ruthven Thanks for the info @Miningbookguy. I'll save the names of those conferences and see if I can find some gems of my own. :)
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@Excelsior @MiningBookGuy - $SWA was up nicely today. Thanks again for all your research, as it helped me turn a pretty penny. I owe you a beer! Or maybe Carrot Juice to help out the healing of your eye surgery. :-)
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from #mbgtrends,
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@MiningBookGuy @Excelsior - you're very welcome on $SWA, and glad a bunch of us are making money here! and yes, maybe i'll take you up on the carrot juice offer some day...i'm a big fan of carrots regardless of having recent eye issues! :P but thanks for the sentiment. and to @jayfire's point, congrats to everyone for making money across the board! so many stocks up today and it 'feels' like this could continue all month. we'll see!
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@Followthechart Chart is looking very nice 😊
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@MiningBookGuy Should Endeavor Mining And Acacia Merge? http://seekingalpha.com/article/4037563-endeavor-mining-acacia-merge $EDV $ACA.L $SWA $SCA #gold #BurkinaFaso #Mali #Tanzania #Kenya #IvoryCoast #Ghana #WestAfrica #EastAfrica #Africa #HoundeBelt #SouthHoundeBelt #index I still don't know if the potential merger is going to be great for everybody. But this is good analysis from #SeekingAlpha ( @GoldMiningBull ), specifically discussing potential synergies in #BurkinaFaso & #Mali, and implying that $SWA could be a clear winner from all of this (and I mention $SCA as a good tag-along win as well)
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from ~aufrica,
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Chops @SWA - They're giving away warrants now? I don't like that too much.
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@MiningBookGuy @Chops - did you read the details on the $SWA warrants NR? i think this might be a clever (but awkwardly worded) way to save time/effort AND for it to be less dilutive than some alternatives. i need to run and think about it a bit. but if no one else chimes in, i will give more detailed points by tomorrow morning at the latest. running behind on some other posts too, busy day...
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@FundamentalAnalysis @MiningBookGuy @Chops I like the deals, its a clever way to force more money in at a sensible price (small discount to today) at no cost in terms of broking fees etc. As a buyer between 14-17c. It gives 20c a base line share price for the company.
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@Vin @Chops, the existing warrants are in the money now. If all are exercised, they bring $2,072,237 to the till, and will remove the .20 hang. As an incentive, they will give those ORIGINAL warrant holders a HALF warrant to 2019. They will need 2 halves to be able to sell at .35 by then, which would bring in another $906,604 at that time. I like it. They know the price is going higher. @FundamentalAnalysis probably said it better, lol. It would be great to see the major holders, particularly the officers and directors, exercise to lead the way.
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@MiningBookGuy @FundamentalAnalysis @Vin - sorry for taking a while to write back. but these are both EXCELLENT responses! I had a great call with the $SWA CEO Andrew a few hours ago. (*NOTE - keep in mind everything in this post is my interpretation) Your points are supported. In addition, those additional 'half warrants' at .35 CAD are like having an 'additional raise' WITHOUT having to put in extra work AND it's almost like doing a raise at 0.40 CAD with NO warrants, because usually doing this would have ~10% or so brokerage fees and some type of warrant attached. So to @Vin's point, this could lead to total of ~3M CAD, assuming all money is raised. With that said, I get the impression about half the 'original' 0.20 CAD warrants have a 'high probability' of being exercised early. Assuming ~5M warrants exercised, that's ~1M CAD. This would likely be Sun Valley, all of management/director warrants, and a few others. But there could still be more than this...we'll likely see an announcement by March 10th, the date listed in the NR. In addition, @chops should take note that $SWA COULD have raise more last year via this placement: @marketwired/sarama-resources-announces-private-placement-to-fund-exploration-program-in-burkina-faso This was at 0.15 CAD with half-warrants at 0.20 CAD. By all measures, this current 'warrant incentive program' is less dilutive. AND it allows flexibility for $SWA to raise via a new private placement at a much higher price, IF there is a price spike in the coming months (maybe at 0.30+ CAD). So overall, I think this is an EXCELLENT piece of news, making sure $SWA is well-funded in an efficient way. And I finally gave this NR thumbs-up after full confirmation :) @marketwired/sarama-resources-announces-warrant-incentive-program
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Chops Thanks all for the insights, I definitely learned more through your sharing on the additional warrants and see the value in positioning raising more capital in this manner.
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@nicholaslepan Also, @MiningBookGuy could you give me a brief pitch on Sarama Resources $SWA and what the next catalyst events are.
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from #index,
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@MiningBookGuy @nicholaslepan - oh my! you want a 'brief' pitch on $SWA ...that's a tough one for me! :P
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@nicholaslepan yeah @MiningBookGuy i was just reading your $SWA posts which are prolific, keep it up
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@MiningBookGuy @nicholaslepan - well thank you! and really, the best 'brief pitch' for $SWA is this superb #MiningJournal article, including the map image in the middle of it: http://www.mining-journal.com/gold-and-silver-investor-hub/gold-and-silver-investor-hub-resourcestocks-company-profiles/sarama-sees-something-big-in-south-hounde/ When it comes down to it, $SWA is in one of the hottest parts of #WestAfrica (let alone the world) not just for #gold #exploration, but #consolidation. One way or another, $SWA properties HAVE to be consolidated....meaning $SWA share price needs to go up, regardless of what happens to the #gold price. I think this article explains it quite well, and is the best piece of advertising the company has ever had. Many are just realizing all of this literally in the past few weeks, institutions as much as retail.
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@FundamentalAnalysis @MiningBookGuy @nicholaslepan I just like the fact $SWA already has ounces. Anything which has ounces is automatically at least an optionality play when gold prices rise. Even if exploration amounts to nothing $SWA should rise with gold prices but in a discontinuous way I would add not like a standard producer. The exploration is a bonus
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@MiningBookGuy @FundamentalAnalysis - this is a very good point. $SWA has had 1m+ ounces to back it up since I first started buying in 2014. Even better, I think a 'small-scale' (~50-60k oz/year production) oxide heap-leach could be economic at $1200-$1250 USD/oz gold, IF they went this route as a 'back-up' plan. In a way, $SWA is a different type of 'optionality' play...there are many 'options' to move towards development. And each development option would be economic at current (or slightly higher) gold prices. It makes a for a unique, compelling story. Btw, you are absolutely correct they do NOT need further exploration to make this work...just a 'bonus'.
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@Jayfire It's interesting to note how certain stocks/companies respond during the "run up" phase... You'll always have the leaders of the pack that react first -- last time around it was the most liquid large cap producers that initially led the charge, and then the developers and juniors followed after... But even within each subsector, you'll have your leaders and laggards... If the fundamentals support it (and you can get your timing right), it's possible to "sell high" and redeploy profits/gains into a similar holding that hasn't re-rated yet (but you have a strong hunch will, eventually)... Not easy, but @MiningBookGuy was doing it pretty well with $SWA and $AQI.AX (to name a few) last time around... By selling high, you get to de-risk (reduce/eliminate initial cost basis) from one position and redeploy capital to speculate again on another prospective story... And if you replicate the same type of success there, this starts to become some seriously addicting sheet... ;)
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from #mbgtrends,
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@kakoo88 @MiningBookGuy Thank you so much for your videos about $SWA, amazing material you are sharing with the public on your youtube channel!! I started a position in $SWA yesterday.. Officially my first and only Gold play #newbies.. I really think some sort of correction has started in the Gold sector (I have been watching for a while now without making any move) and I personally see huge potential in $SWA.. @Jayfire Wherever I read you, your comments are solid and your blog is amazing!! Keep up the good work!! @TheNextBigRush I have been following your investment journey on Youtube as well!! Thank you for sharing! you guys are a great team!
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@TheNextBigRush @kakoo88 That's very kind! Love seeing this community grow.
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@MiningBookGuy wow, thanks for the kind comments @kakoo88! and that's kind of nuts that $SWA is your "first and only gold play"...i mean, 12 months ago, NO way that would have ever happened! i was trying so hard to get people interested. anyway, that's meaningful, and i should add that hopefully you'll pick up a few other gold stocks or resource stocks in general, just in case $SWA doesn't work out (but i stand by my comments that it was the best risk/reward in the section when trading at ~0.16 CAD, and still right up there at these prices) heads-up: i'll send you a private message, should show up on the right side of your screen (or your email inbox), in case you have trouble accessing.
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@Vaughan @Jayfire, my personal favorite is not just the traditional laggards we all know nd love, but the unknowns a-la-@Miningbookguy that have just never been talked about before. Not unlike $swa pre @MiningBookGuy
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@Jayfire @kakoo88 Thanks for the kind words! You've got some of the best and most informative posts on $CRE that I've seen. Anyone who is interested in that story should definitely follow your posts. Great run so far since the recent lows $SWA $CRE
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@MiningBookGuy Interesting news on $PRU $PRU.AX to repost to ~AUfrica: Chairman of Perseus Mining Limited to retire @marketwired/chairman-of-perseus-mining-limited-to-retire This is easy to overlook. While I've been disappointed in $PRU relative to other emerging mid-tiers, they still have some very interesting growth prospects, with focus in #WestAfrica. Notice that Sean Harvey, incoming CEO, is also Chairman of $SWA. A project similar to what $SWA has in the #HoundeBelt / #SouthHoundeBelt would be a perfect size for a company like $PRU right now: Sissingue is on the 'smallish' side, and Yaoure not only needs to be advanced further, but is huge CAPEX relative to $PRU's current overall size (but in #IvoryCoast). $SWA's cluster of projects is similar to what $GRY.AX had at Banfora in current size (both in #BurkinaFaso). And keep in mind $GRY.AX was acquired to instantly turn $TGZ into an emerging mid-tier. $ACA.L is still by far the most likely acquirer of $SWA at some point...but I hadn't really thought of $PRU in the running until now. That is significant. There's more to say. But this is a PERFECT example of the type of news that's easy to overlook, but could change momentum for a company (maybe Sean Harvey will have much more influence as Chairman instead of just being on the Board, and he's a significant shareholder in $SWA). Also interesting to note that Sean has been Chairman of $VIT and many other companies for a while.
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from ~aufrica,
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@MiningBookGuy Honestly, this is the most excited I've been about a #WestAfrica micro-junior since $SWA and $THX ...it matches up especially well with $THX, being very illiquid and under-the-radar, and even having an 'exotic' play (with $THX being in #Nigeria, and $DAU in #Rwanda). I've gone from a 0.04-0.045 CAD cost-average to 0.15 CAD riding $THX ... i strongly believe $DAU can have a similar ride for retail in the coming 12-24 months (but of course, they've got lots of milestones to hit)
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from #dau,