There are some big companies looking for big projects in Africa and it ain't easy. Check out Delonex who have 650 million to build an African oil and gas portfolio and in 2 years they have zero projects. What does that tell you?
Wouldn't hold your breath. No other assets to fall back on. Very difficult to get a clean deal
In Africa at the moment without brown envelopes and the threat of Ebola across West Africa.
Check out Normandy mining who sold to Newmont to make them the worlds biggest gold producer. I'd rather back proven management on the back of support from the big players anyday. These guys are looking at the next 20million oz gold mine. Make what you will of the sp fluctuation. Very little free float and infrastructure at Newmont at AUMs disposal as confirmed in the previous RNS.
Yes these and MSMN and Lekoil. Playing the ASX and TSX venture these days. Stocks are less diluted and once volumes hit they move a lot higher.
I'm holding a million here.