RE: Ok one for the BB27 Oct 2016 00:06
Difficult to answer that one Brad. There is no physical event that made made the share jump a few weeks ago. What has happened recently that MAY explain it is that Bob Foster is no longer CEO, but remains as a consultant. The new guy (as of 1st September) is Marcus Engelbrecht who seems to be well thought of - his background is more finance based that exploration and geology. He has been in the mining business for over 25 years.
He has not made any public statements (that I am aware of) in that time, but on 3rd November will be making a presentation at the Proactive Investor Forum. I believe people will be wanting to know what he thinks of the company, its assets and where we go next. We are now producing gold from Altintepe, but still have no idea how much money we are getting for our share - and I believe ThaniStratex have started mining in Djibouti. Of course we know virtually nothing about what is happening with ThaniStratex - hopefully that will change.
I guess you can put it down to sentiment, some people looking to take advantage of news (or the potential for news) or hoping that the company is about to gain a direction.