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LOL! That a direct quote from a previous (former) presidential post? Mandiana shaping up nicely. A share of a multimillion ounce resource isn't to be sniffed at. Would have preferred 100% but this way the management can concentrate on other things.

Arghh, you're right there Cheesie. Need news here.

Do you guys really see any upside from here? We don't have much in the way of assets so it's hard for me to see how this could go up. Half the shares were issued at 0.1p.

The big holders got their shares at 0.1p so it's difficult for me to see where the extra value can come from even with a fantastic acquisition. Surely they'll have to raise funds at a discounted price? I don't know. Hope it is a lithium play.

Bet you a penny for a pound that the team have found a lithium mine somewhere in need of investment and Chinese money follows. Just guessing.

May yet get that 0.45. Got me thinking about that £120k at 0.8 marked as a buy back in Oct. Was it a sell?

My thoughts - well it shows they're not hanging around. I guess in time we'll hear about the conditions of the farm out and what Volcanic intend to do with the capital raised. It's not enough to do much more than drill a few more holes. Guess they might prove up Mandiana and then look to sell on, perhaps.

The Company intends to appoint Jeremy Crozier as President and a Director of the Company on closing of the Transaction. Mike Iverson will remain as a Director and Chief Executive Officer. Jeremy Crozier holds B.Sc. and M.Sc. degrees in geology and has over 20 years of exploration experience gained across a variety of project operations in North America, Africa (including Guinea) and Europe. He has extensive experience in the management of complex projects in remote environments, in discovery and resource definition, in the identification and appraisal of new projects, and in the negotiation of transactions with property vendors and joint venture partners.

In connection with the Transaction, the Company proposes to complete a non-brokered private placement of up to 6,666,667 units at $0.15 per unit, for proceeds of up to $1,000,000 (the “Financing”). Each unit will consist of one common share and one-half-of-one warrant, each whole warrant entitling the holder to purchase one additional common share of the Company at $0.25 for a period of twelve months. The warrants will be subject to an acceleration provision such that if the closing price of the Company’s shares for 10 consecutive trading days is $0.40 or greater, the Company may give notice to the holders of the warrants that the warrants will expire 30 calendar days after receipt of such notice. A finders’ fee may be payable on a portion of the Financing.

SP will surge when volcanic announce their side of the news.

Love your pricing sleight of hand too, Saintpeter7! I wish we were 110p. 4p on decent news not unreasonable given the way folks have scrambled for junior gold stock in the past. I hope we're not in for any nasty shocks though like massive dilution.

You're not alluding to the Poseidon bubble are you? Think that was nickel.

Seems to have the golden touch right now - AMER is doing well too. SMA's turn next.

It is exciting. Remember who started out with this company back in the beginning. John Prochnau, David Pearl, and the Guinean Govt.

Stew, not sure they need to do any interviews just yet. Probably bound by an exclusivity agreement anyway right now.

Can't quite believe the top brass we have running our little company, can you?!

The new CEO will take the new venture forward. Suspect he's been in the loop for some time.

New CEO. 'Imminent next phase'. Love it!

Sainpeter7, wise words, thanks. I've been amazed over the years how mathematical patterns sometimes gazzump human behaviour and vice versa. It's almost as if, sometimes, the MMs use those levels to set the price lol! Imagine that. Like crossing a zebra crossing with your eyes closed. You take your chances.

But I think we've found our level before the news. Anyone of you Chartists able to wade in with a more technical analysis? Also, does anyone else get the feeling we're just buying each other's shares at the moment LOL! There's not a huge number in free float and mine have a sky high sell order on them to theoretically make them unavailable for trading.