It was interesting to hear them keep talking about the recovery in the sector that is on its way. That would be welcomed by many I am sure.
Nothing would surprise me to be fair. I can see OTC heading to 1p+ in the future. REM and many others have seen decent increases, and when they start to go up they go up fast. If there is a recovery there is going to be a lot of money to be made.
MiningMaven are pretty good at getting in ahead of the herd. MTR is one case in point. They are probably best known for their investor evenings in London so expect to see OTC presenting at one of them at some point.
Leda sold 75 percent of its rights to a property located southwest of Fizi in Misisi to a junior gold exploration company called Casa Mining, which has also acquired gold exploration rights in Maniema and Katanga. The company has commenced a drilling programme on its Misisi property, but it will be a number of years before any industrial gold production is likely in this location. Nevertheless, rumours have already made some local gold miners and traders nervous. “If the company begins operations, all traders will be unemployed as we depend on our business of buying gold,” said Safari Kazinguvu, the secretary of ANEMISA, the gold traders association in Misisi. “We are not for the industrialisation of this region.”
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