"Exploration is ongoing and we are expecting Randgold's experience in this geological environment to firm up additional drill targets along the newly identified extension of the MTZ structure at Gangara and Bandafassi."
From rns 6 weeks ago. The company are clueless.
£10.5m mcap, £380k revenue, losses in millions. My local garden centre does twice that revenue, makes a profit and probably isnt worth more than £1m. Crazy aim.
never known a salesman yet who earned a bean of commission from a MOU. And as for preferred strategic partner, well, if it was sole strategic partner... Not bad news, but hardly earth shattering.
Happened several times in last couple of years, until money is in the bank, these subscriptions are exactly what they appear to be, too good to be true.