So much news coming up ... the JV meeting outcomes on field size, development plans and costings. FAR's numbers on the same and the RISC upgrade. The Gambia farm-out which seems to be close (and their drilling plans). This of course could include some financing outcomes such as cost reimbursement as well as free-carry on drilling (which gives the lerase a value to FAR). Perhaps some news on further exploration plans ... I liked Jon Keall's statement that work would start on further appraisal on the Fans shortly. And I wonder whether the JV meetings will consider the data on the Fans from the recent drilling and lead to a statement on commerciality (more likely at a later point).
I topped up at 7.1 yesterday to be set for all this news. Seems to be little downside at present and quite a few catalysts for a rerate.
H
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A lot of catalysts near term
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Mkt cap ! $42.04M |
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1 | 100000 | 0.445 |
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Price($) | Vol. | No. |
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0.455 | 44484 | 5 |
0.460 | 36760 | 4 |
0.465 | 27850 | 3 |
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RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
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